Fed Rate Cuts 2024 News Headlines. The federal open market committee chose to lower its key overnight borrowing rate. The rate decision — the first time the fed has cut borrowing costs in four years — marks a turning point for the economy that brings the u.s.

Policymakers see another 50 basis points of cuts in 2024; The fed is feeling “growing confidence” that it can pull off the soft economic landing by lowering interest rates.