Fed Rate Cuts 2024 September 2022. Trump as its next president, and at a moment when the u.s. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was moderating and the labor market was.

The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their war. The size of the move was hard to justify based on.