Fed Rate Cuts 2024 Dates 2024. After raising its key interest rate for nearly two years to tamp down growth and rising prices, economists expected the fed to cut the rate to bring it more in line. But nine months in, rate cuts still haven’t happened, drenching wall street’s parade and leaving us consumers squeezed by elevated interest rates.

The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was moderating and the labor. Central bank’s three remaining policy meetings in 2024, according to a majority.