Fed Rates 2024 Predictions. At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the first time in four years due to progress on the fed’s dual. The federal reserve open market committee is expected to cut interest rates in 2024, perhaps starting in september as inflation cools.

Federal reserve governor christopher waller cited recent data indicating that progress on inflation may be stalling. Federal reserve will cut its key interest rate by 25 basis points on nov.