Is The Fed Cutting Rates In 2024. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was. Fed officials are expected to cut rates by a quarter or a half a percentage point at this week’s meeting.
In practice, according to analysts, the reason rates are being lowered. Central bank will start by cutting its policy rate by 25 basis points.