Fed Rate Cuts 2024 Dates And Times Usa. Powell, the fed chair, suggested during a news conference on thursday afternoon that officials would be watching economic data as they weighed whether to make a. Federal reserve will cut its key interest rate by 25 basis points on nov.
18, 2024, the federal reserve cut rates for the first time in over four years, lowering the target federal funds range by half a percentage point, or 50 basis points, to 4.75%. This era began to change in september 18, 2024 when the federal reserve cut the federal funds rate by 50 basis points to a range of 4.75% to 5.00%.