Fed Interest Rates 2024. Federal reserve officials left interest rates unchanged in their june decision and predicted that they will cut borrowing costs just once before the end of 2024, a sign that they plan to be. Updated 10:51 am pdt, august 23, 2024.

The federal reserve open market committee is expected to cut interest rates in 2024, perhaps starting in september as inflation cools. Policymakers noted that there has been some further progress toward the 2% inflation goal although it remains somewhat elevated.