Fed Cut Interest Rates 2024. Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to. In 2024, for example, nine of the central bank’s 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo rate cut on wednesday.
Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to. T he federal reserve’s decision on september 18th to lower interest rates by half a percentage point, to between 4.75% and 5%, is momentous.