Fed Cut Interest Rates 2024. Economists have revised their forecasts following tuesday's sticky inflation report, with many of them now projecting the fed's first cut will come later in 2024 than they had. Fed holds interest rates but keeps door open to a cut in coming months.
The federal reserve open market committee is expected to cut interest rates in 2024, perhaps starting in september as inflation cools. The federal reserve said wednesday it was keeping its key interest rate unchanged as it fights elevated inflation rates that have been pinching u.s.