Will The Fed Cut Interest Rates In 2024. Holding rates steady or a further cut are roughly. At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the first time in four years due to progress on the fed’s dual.
The federal reserve left interest rates unchanged wednesday but adjusted its projections to include three cuts to interest rates next year from the current 5.25% to 5.5% range. The fed is expected to cut its benchmark rate to a range of 4.25% to 4.5%.