Alisha Gertruda

Fed Lowering Interest Rates 2024 News. The fed is finally cutting rates, but banks aren’t in the clear just yet. Washington (ap) — the sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down.

On the fed’s preferred core measure, which eliminates volatile food and energy prices, the index rose 3.3% compared with expectations of a 3.2% rise. Published thu, oct 10 202412:51 pm edt.