Will The Fed Cut Interest Rates In May 2024. The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more. Federal reserve officials left interest rates unchanged and signaled that they are wary about how stubborn inflation is proving, paving the way for a longer period.
The fed expects to cut rates once in 2024 and four more times in 2025. Yet two rate cuts are viewed as most likely, according to this implicit.