Is The Fed Cutting Rates In 2024. The federal reserve left interest rates unchanged wednesday but adjusted its projections to include three cuts to interest rates next year from the current 5.25% to 5.5% range. 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.
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 officer at mortgage lender. The federal reserve left interest rates unchanged wednesday but adjusted its projections to include three cuts to interest rates next year from the current 5.25% to 5.5% range.
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