Fed Lowering Interest Rates 2024 News . Federal reserve officials said wednesday that while there are signs the economy is slowing, the fed was not yet ready to cut its key interest rate. The federal funds rate, which acts as a benchmark for borrowing rates in the rest of the economy, will now move down to about 4.8%, the lowest level since march.
The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more. Among 21 primary dealers polled, nearly 60%, or 12, expected the fed to reduce rates twice in 2024.
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