Fed Interest Rate Cuts 2024 Timeline. Federal reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation remained elevated at the start of the year. Today, the fed funds target rate is 5.25% to.
Morgan research expects the fed to cut rates by another 25 bp in december, with further cuts only taking place once per quarter in 2025. Powell, the fed chair, said that the central bank would take future interest rate cuts “meeting by meeting” after lowering rates by a half percentage point, an.