Fed Cutting Interest Rates 2024 News. Officials are all but certain to leave rates unchanged regardless of the forthcoming may consumer price index report set to be released wednesday at 8:30. Federal reserve will cut its key interest rate twice this year, starting in september, according to a stronger majority of economists.
While an immediate rate reduction may not be in the cards, rates could continue to fall over time. Fed officials’ latest signal on interest rates also came alongside the central bank’s new forecasts for growth, which show the us economy expanding by 2.1 per.