Fed Cuts Rates by Half a Point to 4.75%-5.00% at the September 2024 FOMC Meeting
Marriner S. Eccles Federal Reserve Board Building, 20th St & Constitution Ave NW, Washington, DC
Federal Reserve
CONFIRMEDDate confidence: CONFIRMEDStated as firmHow firmly the source words the date: confirmed, scheduled, estimated, delayed or unverified.Show all CONFIRMED pins87% CONFIDENCEOverall confidence: 87%How well the pin's source and references back up its dates.Weighted average of how firmly 5 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or betterThe Federal Reserve's[1][2][3] statement is dated 18 September 2024 and marked for release at 2:00 p.m. ET, matching the 17-18 September meeting on its calendar and the resolution date of the Kalshi[4] and Polymarket[5] decision markets.
Kalshi
Polymarket
The FOMC lowered the federal funds target range by 1/2 percentage point to 4-3/4 to 5 percent on 18 September 2024 by an 11-1 vote, with Michelle Bowman preferring a quarter-point cut.