Fed Rate Cut September 2024 Rate Cut

Fed Rate Cut September 2024 Rate Cut. In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing. The rate cut, the fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.

In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing. 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.