Fed Rate Cut September 2024au. A “vast majority” of the federal open market committee, which votes on interest rate policy changes, backs rate cuts at the panel’s september. Financial markets have entered a dangerous new economic environment defined by unusually elevated uncertainty after.

The fed has had its policy rate in the target range of 5.25 to 5.5 per cent for over a year, so its cut pushes the range down to 4.75 to 5 per cent. Financial markets have entered a dangerous new economic environment defined by unusually elevated uncertainty after.