When Did The Fed Cut Interest Rates In 2024. Washington — the federal reserve approved its second consecutive interest rate cut thursday, moving at a less aggressive pace than before but continuing its efforts to. 18, according to 90% of economists polled by reuters, with most expecting a pause in late.

The fed’s statement introduced a new qualifier on the extent and timing of future rate cuts, suggesting a slower pace in 2025 than previously anticipated. The federal reserve on thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation.