Fed Rate Cuts 2024. Federal reserve officials signaled wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation was surprisingly. Federal reserve will cut its key interest rate in september and once more this year, according to a majority of forecasters in a reuters.
Fed officials have held interest rates at 5.3 percent since july, after raising them sharply from near zero starting in march 2022. The shift would call an end to a cycle of rises that has taken the fed policy rate from close to zero in 2022 to between 5.25% and 5.5%.