Us Fed Rate Cut 2024 Time. The federal open market committee (fomc) meets eight times a year to determine the federal funds target rate. Earlier wednesday, the bureau of labor statistics reported, in a preliminary revision of the nonfarm payroll numbers from april 2023 through march 2024, that gains.

Additionally, many economists expect the fed to continue to cut throughout 2025, with most forecasting that by may 2025, the benchmark rate will stand between. On wednesday, the federal open market committee announced it would be cutting interest rates by 50.