Fed Rate Cut September 2024 Rate Cut. Markets are now pricing a roughly 60% chance for a 50 bps rate cut by chair powell’s federal reserve on wednesday. At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the first time in four.

Edited by anne marie lee. Federal reserve chair jerome powell said on wednesday interest rates could be cut as soon as september if the u.s.