When Did The Fed Cut Interest Rates In 2024. From december 2008 to present, the chart reflects the midpoint of the federal reserve's target range. 7, according to all 111 economists in a reuters poll, with more than a 90% majority predicting.

The fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years. Here are some takeaways from the decision and from remarks by the fed chair, jerome h.