Fed Cut Rates 2024. The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more. Federal reserve governor christopher waller said tuesday that he believes the fed will be able to lower interest rates this year as long as inflation doesn’t rebound.
The markets remain somewhat ahead of the fed in the magnitude of potential 2024 rate cuts. While most officials believe there will be a total of three rate cuts in 2024, one fed official is penciling in five.