Will The Fed Cut Interest Rates In 2024 Reddit. Washington (ap) — federal reserve officials signaled wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on wall street, despite signs that inflation remained. While most officials believe there will be a total of three rate cuts in 2024, one fed official is penciling in five.

Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to. Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been.