Fed Rate Cut 2024. T he federal reserve’s decision on september 18th to lower interest rates by half a percentage point, to between 4.75% and 5%, is momentous. November 7, 2024 / 8:42 pm est / cbs news.

The median forecast for inflation at the end of 2024 declined to 2.3%, while the median projection for economic growth ticked down to 2%. The fed’s foecasts overall, suggest that.