Fed Rate Cuts 2024 Reddit News 2024. Rate cuts by the fed should, over time, lower borrowing costs for mortgages, auto loans and credit cards, boosting americans’ finances and supporting more spending and growth. The federal reserve cut interest rates by a quarter point, the second reduction this year.

If the us feds cut rates 3x in 2024, you can expect similar in canada, or our currency will become too strong. But nine months in, rate cuts still haven’t happened, drenching wall street’s parade and leaving us consumers squeezed by elevated interest rates.