Fed Interest Rate Cuts 2024. Officials have been clear that they could cut interest rates sooner rather than later if hiring pulled back and unemployment began to shoot up โ but so far, that is. Federal reserve will cut its key interest rate twice this year, starting in september, according to a stronger majority of economists polled by reuters.
This visualization from our 2024 global forecast series uses data from the federal reserve to chart past interest rate cut cycles and visualizes forecasts by top. The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more.