Fed Rate Cut Schedule 2024 Dates. 5.50% federal open market committee (fomc) members vote on where to set the rate. After raising its key interest rate for nearly two years to tamp down growth and rising prices, economists expected the fed to cut the rate to bring it more in line.
Gdp for 2024 was lowered slightly to 1.4% from 1.5%, while the unemployment rate is seen rising to 4.1% in 2024 from its present 3.7% rate and. 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.