Rate Cuts 2024. The federal reserve lowered its benchmark interest rate by a half percentage point wednesday, an aggressive start to a policy shift aimed at bolstering the us labor. Yeah, the federal reserve decided to cut its key interest rate by a relatively large half a percentage point.

The first interest rate cut may come in september and up to three cuts are possible in 2024. The coindesk 20, a measure of the largest digital assets, is up 3.4%.