Fed Rate Cuts 2024 September Month. That would reflect a full percentage point cut. But federal reserve chairman jerome powell alluded to a slow pace of rate cuts earlier this month.

Washington (ap) — most federal reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in september as long. In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing.