Fed Rate Cuts 2024 September Month

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Fed Rate Cuts 2024 September Month. The federal reserve on wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease. Washington โ€” in the end, the fed decided to go big.


Fed Rate Cuts 2024 September Month

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 fedโ€™s dual. 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 federal funds rate to a new.

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