Projected Rate Cuts In 2024. Interest rates currently stand at 5.25% to 5.5%. Federal reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the coming year, a sign that the.
Washington (ap) โ federal reserve officials signaled wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on wall street, despite signs that inflation remained elevated at the start of the year. Federal reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the coming year, a sign that the.