Fed Interest Rate Cut 2024 Announcement. In 2024, for example, nine of the central bank’s 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo rate cut on wednesday. Besides forecasting a dip in the federal funds rate to a range of 4.5% to 4.75% by year’s end, fed policymakers.

Policy easing hinges on more progress. Fed policymakers scale back to one rate cut in 2024;