Fed Cutting Rates 2024. Earlier in the year, most economists pegged the first rate cut of 2024 for the fed's march 20 meeting. The fed predicts interest rates will be considerably lower at this point next year than they are right now, signaling three rate cuts may be in the cards for 2024.

The fed’s dot plot showed a median expectation of just one rate cut by the end of 2024, revised down from three projected cuts earlier in the year. Federal reserve officials said wednesday that while there are signs the economy is slowing, the fed was not yet ready to cut its key interest rate.