Fed Rate Cut September 2024 Olympics. The rate is expected to close out.  — for release at 2:00 p.m., edt, september 18, 2024 summary of economic projections in conjunction with the federal open market committee (fomc) meeting.

 — the fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23. September 19, 2024 5:03 am utc updated ago.