Fed Lower Interest Rates 2024. Interest rates are expected to move lower in 2024, according to the cme’s fedwatch tool, which measures the implied expectations of interest rate futures. The federal reserve open market committee is expected to cut interest rates in 2024, perhaps starting in september as inflation cools.
Federal reserve officials left interest rates unchanged in their june decision and predicted that they will cut borrowing costs just once before the end of. Although inflation has retreated from its 2022 highs, it’s remained at an annual rate of about 3.4% to 3.5% so far in 2024, fueled in particular by higher housing costs.