How Much Will The Fed Cut Rates In 2024 Today. The federal funds rate, which acts as a benchmark for borrowing rates in the rest of the economy, will now move down to about 4.8%, the lowest level since march. The fed lifts rates to curtail borrowing and economic activity to tame inflation.
It’s a pivotal week for the us economy, with the federal reserve expected to cut interest rates for the first time since 2020. The remaining fed meetings planned for 2024 are.