Fed Lower Interest Rates 2024 Dates. Thursday’s rate cut comes after. Federal reserve will cut its key interest rate by 25 basis points on nov.
The federal reserve on wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease. 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.