When Will The Fed Lower Interest Rates 2024. After the move was announced wednesday, federal reserve chair jerome powell said. On wednesday, it reduced that forecast for interest rates to come down to 4.4% by the end of 2024 and 3.4% at the end of 2025.
The fed began cutting rates at the federal open market committee’s september 2024 meeting. New york cnn — so we finally got a rate cut — and a supersized one at that.