Interest Rate Cuts 2024 Usa. Federal reserve and other top banks in 2024. How do interest rate cuts affect the economy and inflation?

At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the first time in four. While most officials believe there will be a total of three rate cuts in 2024, one fed official.