Will The Fed Cut Interest Rates In 2024. The fed is expected to cut its benchmark rate to a range of 4.25% to 4.5% at its december meeting. The federal reserve on thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation.
7, according to all 111 economists in a reuters poll, with more than a 90% majority predicting. As widely expected, the federal reserve lowered its benchmark interest rate on thursday, which will make it a bit cheaper to borrow money via credit cards, loans and auto.