How the Fed Cutting Interest Rates Affects Banks, Stocks and More NYT | Top Stories By: Rob Copeland, Joe Rennison and Jeanna Smialek 17 September 2024 at 17:01 For corporate America, this week’s expected interest rate cut carries risks along with rewards. © Haiyun Jiang/The New York TimesThe Federal Reserve is expected to cut interest rates this week, by either a quarter or a half a percentage point.