Fed Rate Cuts 2024. Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year โ much lower than the 5.1 percent they had been. And notably, the russell 2000 index of smaller companies, which are poised to benefit from rate cuts, jumped 2.4 percent during the news conference before pulling.
The 2024 monster gold rally is picking up steam. Stocks finished lower after the federal reserve voted to cut interest rates by 0.5 percentage point, opting for a more aggressive reduction than.