Fed Interest Rate Cuts 2024. Gdp for 2024 was lowered slightly to 1.4% from 1.5%, while the unemployment rate is seen rising to 4.1% in 2024 from its present 3.7% rate and. Stocks finished lower after the federal reserve voted to cut interest rates by 0.5 percentage point, opting for a more aggressive reduction.
The federal reserve cut interest rates on wednesday by half a percentage point. The moment consumers have been waiting for is finally here: