Fed Cutting Rates 2024 India . Lower the rate, easier it is to borrow. When the federal reserve starts cutting its overnight lending rate, it will affect the interest rates on your debts and your savings.
The widespread expectation is for a cut of 0.25 percentage point, or 25 basis points, to benchmark rates from the current range of 5.25% to 5.5%. Federal reserve will wait until september to cut its key interest rate, according to a majority of 100 economists polled by reuters,.
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