Fed Rate Cut News 2024. A hefty rate cut against a strong economic backdrop risks sending the wrong signal to financial markets. The federal reserve handed down a large interest rate cut this week, dialing back the central bank's fight against inflation and signaling welcome relief for borrowers.


Fed Rate Cut News 2024

Throughout all of 2023, the rate averaged 6.8% and peaked near 8%. The fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years.

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