Interest Rate Cuts 2024 News. But nine months in, rate cuts still haven’t happened, drenching wall street’s parade and leaving us consumers squeezed by elevated interest rates. Central bank will start by cutting its policy rate by 25 basis points.

But nine months in, rate cuts still haven’t happened, drenching wall street’s parade and leaving us consumers squeezed by elevated interest rates. The federal reserve lowered its key interest rate by a hefty half percentage point wednesday, moving ahead with its first rate cut in four years and.