Fed Rate Cut Projections 2024 November. High interest rates slow the economy by making it more expensive. At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the first time in four.
See how it impacts borrowers, investors, homebuyers, and others. Here are some takeaways from the decision and from remarks by the fed chair, jerome h.