Fed Rate Cut September 2024 Rate Hike. Fixed income markets expect the federal open market committee to cut interest rates at its next meeting. Central bank's three remaining policy meetings in 2024, according to a majority of.
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. This era began to change in september 18, 2024 when the federal reserve cut the federal funds rate by 50 basis points to a range of 4.75% to 5.00%.