Expected Fed Rate Cut September 2024. Two more federal reserve officials on thursday gravitated toward an interest rate cut next month as solid economic data prompted financial markets to further scale back. The federal reserve announced the first interest rate cut in four years at its september policy meeting amid progress in slowing down the pace of inflation toward its 2%.
In 2024, for example, nine of the central bankโs 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. Central bank’s three remaining policy meetings in 2024, according to a majority of.
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