Will The Fed Cut Interest Rates In 2024. Here's what it means for your borrowing costs. 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 years due to progress on the fed’s dual.

Federal reserve officials cut interest rates on thursday, their second reduction of 2024 and the latest sign that policymakers believe that inflation is finally coming under control. 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 years due to progress on the fed’s dual.