Fed 2024 Interest Rate. The benchmark interest rate in the united states was last recorded at 5. Federal reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024, one more reduction than predicted last month, according to a slim majority.

The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half. With chair jerome powell declaring friday that the time has come for easier policy, investors expect the fed to make its first.