Us Fed Rate Cut 2024 News Today. Updated 1:48 pm pdt, september 30, 2024. Fed moves to protect weakening job market with bold rate cut.

The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their. The federal reserve on wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease.