Fed Lowering Interest Rates 2024 Date. Federal reserve officials left interest rates unchanged in their june decision and predicted that they will cut borrowing costs just once before the end of 2024, a sign. Federal reserve officials kept interest rates at 5.3 percent and projected they would lower borrowing costs in 2024 as the fed chair struck a watchful tone.

The federal reserve left its key interest rate unchanged at between 5.25% and 5.5% — the highest level in more than a decade — as annual inflation rates. Interest rates on cds have surged since 2022 in response to fed rate hikes.