Fed Rate Cut September 2024 Rate Hike. Economists are penciling in a fed rate cut of 0.25 of a percentage point in september, which would trim the benchmark rate to a range of 5% to 5.25%. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was.
The federal reserve cut its influential fed funds rate in its september meeting. Itโs a pivotal week for the us economy, with the federal reserve expected to cut interest rates for the first time since 2020.