Interest Rates Cut 2024 Usa. The federal reserve will lower interest rates by 25 basis points at each of the u.s. Yet despite those sharp increases, americans, on average, spent just 9.8%.
Federal reserve may start cutting interest rates before year’s end. The fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years.
