Fed Rate Cut News 2024 Date And Time In Indiana. Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to the single cut in 2024 that they projected in june. 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 spending and growth.

The federal reserve on wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease borrowing costs as. Labor market weakness is showing across a number of data.