Us Fed Rate Cuts 2024. 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 years due to progress on the fed’s dual. Economist veronica clark expects a.
Investors are focused on economic data and holiday sales as the market anticipates the fed’s decision. 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 equity markets more.