Fed Rate Cuts 2024 News In. Wall street sees the central bank cutting interest rates on wednesday. The federal reserve said wednesday it would pause its aggressive rate hike campaign one more time, and signaled rate cuts are ahead in 2024.

Federal reserve officials kept interest rates at 5.3 percent and projected they would lower borrowing costs in 2024 as the fed chair struck a watchful tone. But growing worries about inflation are adding to investor uncertainty about its policy agenda for.