Fed To Cut Rates In 2024. Federal reserve officials said wednesday that while there are signs the economy is slowing, the fed was not yet ready to cut its key interest rate. Federal reserve chair jerome powell signaled central bank officials are on course to cut interest rates in september unless inflation.
Most economists polled by factset expect the fed to leave that rate unchanged. There are now 93.3% odds that the fedโs target range for the federal funds rate, its key rate, will be lowered by a quarter percentage point to 5% to 5.25% in september from the.