Will Fed Cut Rates In 2024. Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to the single cut in 2024 that they projected in june. With both the jobs picture and inflation softening, the central bank’s federal open market committee chose to lower its key overnight borrowing rate by a half percentage point,.

Federal reserve will cut its key interest rate by 25 basis points on nov. Us central bank expected to cut rates later this month;