Fed Rate Cut News 2024 Today News. Federal reserve officials left interest rates unchanged on wednesday and continued to forecast that borrowing costs will come down somewhat by the end of the year as inflation eases. The federal reserve will lower interest rates by 25 basis points at each of the u.s.
A half point cut in the rate on a $400,000 mortgage saves the borrower about $100 a month. Last month, the fed lowered its target rate to between 4.75% and 5% in recognition of easing inflation pressures and rising risks to the job market, and penciled in.