Fed Rate Cuts 2024 News. The federal reserve on thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25. A combination of strong data and donald trump’s return to the.
The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their. In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing.