Fed Rate Cuts 2024 Dates And Time. Slow and shallow rate cuts would be more consistent with the economic “soft landing” that fed officials are trying to achieve than steep cuts that might benefit. It’s the first cut to the federal funds rate since march 2020, bringing rates down to 4.75% to 5% from the 5.25% to 5.5% range they’ve sat since last july, the.
The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think. They had expected to make three interest rate cuts in 2024 as recently as march.