Fed Rate Cuts September 2024 News. “considering the achieved and continuing progress on inflation and moderation in the labor market, i believe the time has come to lower the target. Fed officials will release their next set of economic projections after their september meeting, which will give a hint at whether they still think that pace of rate.
Investors, who last week were betting the fed would have to cut rates by half a percentage point at its sept. Economists are penciling in a fed rate cut of 0.25 of a percentage point in september, which would trim the benchmark rate to a range of 5% to 5.25%.
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