Fed Rate Cut 2024 Timeline. 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. This pause follows aggressive rate hikes dating back to march 2022, a period.
Today, the fed funds target. The federal reserve will lower interest rates by 25 basis points at each of the u.s.