Fed Interest Rate Cuts 2024 Announcement. Federal reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the coming year, a sign that the. The fed’s upcoming decision to cut interest rates is a sign that officials feel “confident” enough that price pressures are coming under control.

The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half. The fed on wednesday maintained the federal funds rate in a range of 5.25% to 5.5%.