Fed To Cut Rates In 2024. The federal reserve will cut interest rates just twice this year, in september and december, as resilient u.s. Fed officials’ latest signal on interest rates also came alongside the central bank’s new forecasts for growth, which show the us economy expanding by 2.1 per.
Price increases slowed more sharply than expected in june, adding to signs that high inflation has abated and boosting hopes that the federal reserve will cut. The federal reserve open market committee is expected to cut interest rates at least once during its four remaining meetings of 2024.