Fed Cut Interest Rates 2024. Washington cnn — the federal reserve said wednesday it is keeping its benchmark lending rate at its current level for the seventh time in a row, while signaling fewer. The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half.

Jobs report, which encouraged interest rate futures traders to price in as much as 120 basis points of reductions in 2024. Federal reserve chairman jerome powell speaks at a news conference following a federal open market committee meeting at the william mcchesney martin jr.