Fed Rate Cuts 2024 Reddit News Today. The federal reserve cut interest rates on wednesday by half a percentage point. In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing.

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 their. Chair jerome powell also affirmed his.