Fed Lower Rates 2024. In 2024, for example, nine of the central bank’s 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo rate cut on wednesday. It’s a pivotal week for the us economy, with the federal reserve expected to cut interest rates for the first time since 2020.

The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half. The federal reserve left its benchmark interest rate in a range of 5.25% to 5.5% in january 2024, signaling it wants to see more progress on battling inflation.