Fed Rate Cuts 2024 News 2024. Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to the single cut in 2024 that they projected in june. Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years.
The federal open market committee chose to lower its key overnight borrowing rate. Fed funds futures contracts for december on monday reflected expectations of around 60 basis points in rate cuts this year, compared to some 150 basis points that had.