Fed Rate Cut September 2024 Rate Hike

Fed Rate Cut September 2024 Rate Hike. The federal reserve cut its influential fed funds rate in its september meeting. The federal reserve announced the first interest rate cut in four years at its september policy meeting amid progress in slowing down the pace of inflation toward its 2%.

The latest consumer price report “checked the box” for the fed to start cutting rates in september, according to td securities’ strategists led by oscar munoz and gennadiy. Federal reserve, developed market central banks in september delivered their biggest interest rate cut push since the easing wave at the onset of the covid.