Fed Rate Cut September 2024 Lok. Investors will scrutinize press conference, updated. At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the.
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 board of governors of the federal reserve system voted unanimously to lower the interest rate paid on reserve balances to 4.9 percent, effective september.