Us Fed Rate Cuts 2024 News. Federal reserve officials cut interest rates on thursday, their second reduction of 2024 and the latest sign that policymakers believe that inflation is finally coming under control. The federal reserve cut interest rates on wednesday by half a percentage point.

Federal reserve officials cut interest rates on thursday, their second reduction of 2024 and the latest sign that policymakers believe that inflation is finally coming under control. The federal reserve on thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation.