Donia Garland

Fed Interest Rate Cuts 2024 Announcement.  — officials held interest rates steady at about 5.3 percent, where they have been set since july 2023, in their march policy decision. Stocks finished lower after the federal reserve voted to cut interest rates by 0.5 percentage point, opting for a more aggressive reduction.

The rate influences borrowing costs for mortgages, credit.  — the federal reserve will lower interest rates by 25 basis points at each of the u.s.