Editha Ernaline

Fed Rate Cut September 2024. Two more federal reserve officials on thursday gravitated toward an interest rate cut next month as solid economic data prompted financial markets to further scale back bets. The federal reserve announced the first interest rate cut in four years at its september policy meeting amid progress in slowing down the pace of inflation toward its 2%.

At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the first time in four. In a more aggressive move than expected, the federal open market committee (fomc) cut their benchmark borrowing rate by half of a percentage point, bringing the key.