Fed Interest Rates 2024 News. The federal reserve cut interest rates for the first time in the biden era on wednesday after the white house spent the last three years grappling with americans’. Federal reserve officials capped their first monetary policy meeting of 2024 by leaving the central bank's benchmark interest rate unchanged, a decision that was.
The central bank reduces interest rates to trim consumer and business borrowing costs, jolting a weak economy. The federal reserve cut interest rates on wednesday by half a percentage point.