How Many Fed Rate Cuts In 2024 Lok. The federal reserve (fed) announced at its january 2024 meeting that it would maintain the overnight federal funds rate at the current range of 5.25% to 5.5%. Fed holds rates steady and projects three cuts this year.
While most officials believe there will be a total of three rate cuts in 2024, one fed official is penciling in five. But nine months in, rate cuts still haven’t happened, drenching wall street’s parade and leaving us consumers squeezed by elevated interest rates.