Will The Fed Cut Interest Rates In May 2024. Federal reserve will cut its key interest rate twice this year, starting in september, according to a stronger majority of economists. The fed will begin cutting interest rates once it’s clear that inflation has cooled enough and won’t heat back up — or if the job market deteriorates much more.
Likewise, fewer economists are now predicting that the fed will cut rates at its may 1 meeting. The federal reserve left interest rates unchanged wednesday but adjusted its projections to include three cuts to interest rates next year from the current.
