When Will Feds Lower Interest Rates In 2024

When Will Feds Lower Interest Rates In 2024. The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more evidence that u.s. 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%.

The fed will begin cutting interest rates once it’s clear that inflation has cooled enough and won’t heat back up — or if the job market deteriorates much more than expected,. The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half.