Fed Cut Interest Rates 2024 Today. The federal reserve will lower interest rates by 25 basis points at each of the u.s. The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think.
Fed officials have held interest rates at 5.3 percent since july, after raising them sharply from near zero starting in march 2022. The federal reserve will lower interest rates by 25 basis points at each of the u.s.