Interest Rate Cuts 2024 Us. Federal reserve cuts rates by 50 basis points. Washington (ap) — the sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several federal.
But nine months in, rate cuts still haven’t happened, drenching wall street’s parade and leaving us consumers squeezed by elevated interest rates. 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.