How Much Will The Fed Cut Rates In 2024 Lok. The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more. Fed officials have held interest rates at 5.3 percent since july, after raising them sharply from near zero starting in march 2022.
After last raising interest rates in july 2023, it appears likely, according to both financial markets and policymakers, that interest rates will be cut on september 18. Earlier in the year, most economists pegged the first rate cut of 2024 for the fed’s march 20 meeting.
