Fed Rate Cut 2024 Dates And Times. 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. The federal reserve is poised to lower the fed funds target rate after its september meeting.
After raising its key interest rate for nearly two years to tamp down growth and rising prices, economists expected the fed to cut the rate to bring it more in line with slowing. Federal reserve is poised to cut interest rates six times in 2024, which could ignite a powerful move in the stock market.
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