Interest Rate Cuts 2024 News. September 23, 2024 at 3:27 am edt. The fed's first interest rate cut since march 2020 lowers the benchmark federal funds rate to a range of 4.75% to 5%.
Interest rates had been at a range of. In 2024, for example, nine of the central bank’s 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo rate cut on wednesday.
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