Fed Rate Cut 2024 News. The rate decision — the first time the fed has cut borrowing costs in four years — marks a turning point for the economy that brings the u.s. The federal reserve cut interest rates on wednesday by half a percentage point.
The rate decision — the first time the fed has cut borrowing costs in four years — marks a turning point for the economy that brings the u.s. Here’s a look at how the 50 basis point interest rate cut will affect your payments, based on loan or credit type, according to bankrate:
