When Did The Fed Lower Interest Rates 2024. The federal reserve on wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease. However, when the fed lowers rates, the relief for borrowers is slower and less noticeable, making rate hikes more immediately impactful than rate cuts.

The federal reserve will lower interest rates by 25 basis points at each of the u.s. The federal reserve left interest rates unchanged wednesday but adjusted its projections to include three cuts to interest rates next year from the current 5.25% to 5.5% range.