Fed Interest Rate Cuts 2024. The fed cut the federal funds rate on november 7 by 0.25%, targeting a range between 4.5% and 4.75%. Trump as its next president, and at a moment when the u.s.

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 moving to ease borrowing costs as. After a grueling two years of high inflation and elevated interest rates, americans are finally set for some relief: