Fed Interest Rate Cut September 2024

Fed Interest Rate Cut September 2024. The vast majority of federal reserve officials said the central bank would likely cut interest rates in september—while several saw a case to slash rates last month, according. The fed’s move comes just days after america elected donald j.

The federal reserve on wednesday cut interest rates by a half point, a bold move that it said was possible because it believes inflation is under control. The fed’s new projections also revealed that policymakers expect the unemployment rate to hit 4.4 percent by the end of 2024, up from their original estimate of 4.