Fed Interest Rate Cuts 2024 News. The fed didn’t cut interest rates sooner because it could have reignited inflation or left it stuck above the central bank’s target. The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their.

The federal reserve handed down a large interest rate cut this week, dialing back the central bank’s fight against inflation and signaling welcome relief for borrowers. Central bank’s three remaining policy meetings in 2024, according to a majority of.