How Much Will The Fed Cut Rates In 2024 For A. There are now 93.3% odds that the fed’s target range for the federal funds rate, its key rate, will be lowered by a quarter percentage point to 5% to 5.25% in. Fed policymakers projected on wednesday that they will lower borrowing costs to 4.6 percent by the end of 2024, down notably from their previous 5.1 percent.

Federal reserve will cut its key interest rate twice this year, starting in september, according to a stronger majority of economists polled by reuters. Price increases slowed more sharply than expected in june, adding to signs that high inflation has abated and boosting hopes that the federal reserve will cut.