Fed Rate Cuts 2024 Reddit News 2023. 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 fed’s benchmark rate now sits between 4.50 and 4.75 percent.

If the us feds cut rates 3x in 2024, you can expect similar in canada, or our currency will become too strong. Trump’s election victory clouds fed’s outlook;