Fed Interest Rate Cuts 2024 Timeline. 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. In 2024, for example, nine of the central bank’s 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo rate cut on.
This visualization from our 2024 global forecast series uses data from the federal reserve to chart past interest rate cut cycles and visualizes forecasts by top banks and institutions on when they expect the first rate cut. The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half.