Fed Interest Rate Cut 2024 Announcement
Fed Interest Rate Cut 2024 Announcement. By the end of 2024, interest rates will fall another half of a percentage point from their current level of between 4.75% and 5%, according to fomc projections. The federal reserve said wednesday it was keeping its key interest rate unchanged as it fights elevated inflation rates that have been pinching u.s.
Are interest rates expected to go down in 2024? What actually happens once the fed announces an interest rate cut.