Fed Rate Cuts 2024 Dates And Times Today. Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years. Washington (ap) — federal reserve officials signaled wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on wall street, despite signs that inflation remained elevated at the start of the year.

After raising its key interest rate for nearly two years to tamp down growth and rising prices, economists expected the fed to cut the rate to bring it more in line with slowing inflation. The federal reserve announced wednesday it is slashing interest rates by half a percentage point and projected two more cuts before the end of the year, in a clear sign that.