Fed Lower Interest Rates 2024 Dates. The fed will begin cutting interest rates once it’s clear that inflation has cooled enough and won’t heat back up — or if the job market deteriorates much more. 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.

The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more. Economists have revised their forecasts following tuesday’s sticky inflation report, with many of them now projecting the fed’s first cut will come later in 2024 than.