Fed Lower Interest Rates 2024. It jacked up rates 10 more times through july 2023, mostly in increments. 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.

The federal reserve cut interest rates on wednesday by half a percentage point. Investors expect the fed to continue cutting rates in the next few months, marking a turning point from an extraordinary period in the u.s.