When Will Feds Lower Interest Rates In 2024. Lower rates would reduce borrowing costs for mortgages, credit cards, and auto and other loans while fueling. Much of the outlook will hinge on key data releases this.
Following a meeting of the federal open markets committee, powell announced that the fed left interest rates unchanged, but projects it may cut rates. Overall, the current expectation is that the fomc will start to cut interest rates in 2024.