Will Fed Cut Rates In 2024. Even if hiring stays solid, the fed is set to cut rates this year given the steady progress that’s been made on inflation, economists say. Indeed, the fed now hints that perhaps only one rate cut will occur in late 2024.

The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more evidence that u.s. The inflation report likely cements the case for a rate cut at the fed’s sept.