Fed Cut Interest Rates 2024 Dates. The rate influences borrowing costs for mortgages, credit cards, and car loans, and has. The rate cut on wednesday comes as the annual inflation rate has fallen sharply, to 2.5% last month, from a peak of 9.1% in june 2022.
The rate influences borrowing costs for mortgages, credit cards, and car loans, and has. The federal reserve will lower interest rates by 25 basis points at each of the u.s.