How Will The Fed’s 50bps Rate Cut Impact The Economy In Coming Months?

The Fed cut the Federal Funds Rate by 0.50% on September 18, 2024 which is not only the first rate cut since the Fed started raising rates in March 2022 but it was also a larger rate cut than the census expected. The consensus going into the Fed meeting was the Fed would cut rates by 0.25% and they doubled it.   This is what the bigger Fed rate cut historically means for the economy