Fed Rate Cut September 2024 Date. 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 with slowing. Fixed income markets expect the federal open market committee to cut interest rates at its next meeting.
In a more aggressive move than expected, the federal open market committee (fomc) cut their benchmark borrowing rate by half of a percentage point, bringing the key. The main question appears to be how deep 2024 cuts will go.