Janka Lorita

Fed Rate Cuts 2024 Dates And Times. A federal reserve official predicted quarter point rate cuts if data looked ‘fine’. Wall street’s benchmark index hit its highest in almost two years after federal reserve chair jay powell sent his clearest signal that the us central bank would begin cutting rates in 2024.

The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning. Central bank cut interest rates for the first time in a very long four years marking the beginning of the end of what’s been the highest cost in two decades of borrowing.