When Will The Fed Lower Interest Rates 2024 Rate. 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. Jackson, wyoming (ap) — with inflation nearly defeated and the job market cooling, the federal reserve is prepared to start.

Markets had been looking for signs that the fed will reduce rates when it next meets in september, with futures pricing pointing to further cuts at the november and. Earlier this week, the fed announced it was leaving the current federal funds rate, which helps set interest rates for loans throughout the economy, unchanged at 5.25% to 5.5%.