Fed Interest Rate Cut 2024 Announcement. Earlier wednesday, the bureau of labor statistics reported, in a preliminary revision of the nonfarm payroll numbers from april 2023 through march 2024, that gains. 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.

Fed dials back rate forecasts, signals just one cut in 2024; The federal reserve slashed interest rates aggressively wednesday, announcing the first rate cut since march 2020.