Fed Rate Cut September 2024 News. Two more federal reserve officials on thursday gravitated toward an interest rate cut next month as solid economic data prompted financial markets to further scale back. The federal reserve cut interest rates on wednesday by half a percentage point.
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 ease. Two more federal reserve officials on thursday gravitated toward an interest rate cut next month as solid economic data prompted financial markets to further scale back.
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