Fed Rate Cuts 2024 September 1. The median view of the fed members who set interest rate policy now sees another 50 basis points of cuts this year and another 100 basis points, or 1 percentage point,. The federal reserve approved its second consecutive interest rate cut thursday.
Remarks from new york fed president john williams and fed governor christopher waller. Powell, the fed chair, said that the central bank would take future interest rate cuts “meeting by meeting” after lowering rates by a half percentage point, an.