Us Fed Rate Cuts 2024. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was. Fed policymakers agree inflation is cooling.

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. Central bank’s three remaining policy meetings in 2024, according to a majority of.