Interest Rate Cuts 2024 News. In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing rate to a range of 5.25%. October 8, 2024 at 3:00 am pdt.
Officials penciled in three rate cuts for 2024, according to their latest economic projections released in december, but markets are pricing in double that. But as of wednesday, only 1 in 10 continued to forecast a.