Fed Cut Interest Rates 2024. Federal reserve officials kept interest rates at 5.3 percent and projected they would lower borrowing costs in 2024 as the fed chair struck a watchful tone. Fed chair jerome powell has said he is seeking additional evidence of slowing inflation before the fed begins cutting its key interest rate.
The federal reserve left interest rates unchanged wednesday but adjusted its projections to include three cuts to interest rates next year from the current. New inflation data will probably keep fed on track to cut rates next month.
