Barbi Dorthea

Fed Rate Cut News 2024 Date And Time In Indianapolis. The federal reserve said wednesday it was lowering its key interest rate by half a percentage point, an unusually aggressive move designed to cushion the economy from a. 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.

Rate cuts by the fed should, over time, lead to lower borrowing costs for mortgages, auto loans and credit cards, boosting americans’ finances and supporting more. The federal reserve handed down a large interest rate cut this week, dialing back the central bank’s fight against inflation and signaling welcome relief for borrowers.