Fed Interest Rate Cut 2024 News. It’s a pivotal week for the us economy, with the federal reserve expected to cut interest rates for the first time since 2020. 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 moving to.

Here are some takeaways from the decision and from remarks by the fed chair, jerome h. Central bank’s three remaining policy meetings in 2024, according to a majority.