Us Fed Rate Cuts 2024 Nfl. The us economy expanded by a solid 2.8% annualized rate in the third quarter, driven by strong consumer spending. The federal reserve on thursday announced it will cut the benchmark interest rate by 25 basis points, with its second consecutive rate cut coming amid signs of cooling inflation.
But they’re trending down following the fed’s recent rate cuts. Federal reserve bank of san francisco president mary daly said on tuesday the central bank remains on track for more rate cuts this year as long as data meets expectations,.