Rate Cuts In 2024. The federal reserve on thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation. 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.
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. Fed officials also penciled in more rate cuts by yearโs end in their latest economic forecasts, compared to the single cut in 2024 that they projected in june.