Fed Lowering Interest Rates 2024

Fed Lowering Interest Rates 2024. In response, the fed aggressively raised interest rates in 2022 and early 2023 to bring down inflation. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was.

Fed officials lowered interest rates to a range of 4.5 to 4.75 percent on thursday, but. The fed funds target range peaked at between 5.25% and 5.50% in july.