Fed Rate Cuts 2024 Dates. 7, 2024, the federal reserve lowered interest rates by 0.25 percentage points in the second cut of the year, amid easing inflation. In fact, it hasn’t even officially announced the end to its hikes yet.
Inflation, as measured by the fed’s favored metric, is seen ending 2023 at 2.8%, down from 3.3% in september, while hitting 2.4% in 2024 and 2.1% in 2025 and 2% in 2026. Federal reserve cuts rates by 50 basis points.