Fed Lowering Interest Rates September 2024. Central bank's three remaining policy meetings in 2024,. The board of governors of the federal reserve system voted unanimously to lower the interest rate paid on reserve balances to 4.9 percent, effective september 19, 2024.
The federal open market committee is most likely to cut interest rates again on december 18 to 4.25% to 4.5%, according to fixed income markets. Central bank’s three remaining policy meetings in 2024, according to a majority of.