Expected Fed Rate Cuts 2024-2024. Our current expectation is that the fed will lower rates once in 2024, with a small chance they drop rates two times, says jason obradovich, a chief investment. Fed rate cuts, over time, typically lower borrowing costs for such things as mortgages, auto loans and credit cards.
The federal reserve left interest rates unchanged for the fifth straight meeting and signaled that they still plan to cut interest rates three times in 2024, even as. Alongside its decision on where to set interest rates, the federal reserve on wednesday will release its summary of economic projections โ better known as its โdot.