Fed Rate Cuts 2024 Reddit News. In his first public remarks since the federal reserve announced interest rate cuts, president biden says there is more work to do to improve the economy. 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.

The federal reserve announced wednesday it is slashing interest rates by half a percentage point and projected two more cuts before the end of the year, in a clear sign that. The federal reserve cut interest rates on wednesday by half a percentage point.