Fed Interest Rate Cuts 2024 News . 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. 18, 2024, at 9:01 a.m.
Economy allowed the fomc to be patient about the timing in reducing its policy rate and focus on bringing inflation down, kugler said. The federal reserve on wednesday cut interest.
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