Fed Rate Cuts 2024 September 23. Follow along with our live coverage and analysis of the decision and press conference. In a more aggressive move than expected, the federal open market committee (fomc) cut their benchmark borrowing rate by half of a percentage point, bringing the key federal funds rate to a new.

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 years due to progress on the fed’s dual. And it signaled in september.