Will The Fed Cut Interest Rates In May 2024. The federal reserve left interest rates unchanged on wednesday and signaled one cut in 2024, with more to come in 2025. The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more.
Fed officials’ latest signal on interest rates also came alongside the central bank’s new forecasts for growth, which show the us economy expanding by 2.1 per. Fed interest rate cuts could begin in early 2024, according to some experts.