Fed Rate Cuts 2024 September 2024 . 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. 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 first time in four.
The target rate began in 1982. From december 2008 to present, the chart reflects the midpoint of the federal reserve’s target range.
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