Fed Lowering Interest Rates 2024 Dates

Fed Lowering Interest Rates 2024 Dates. Prior to its september meeting, the fed was forecasting that the federal funds rate, used as a benchmark for bank to bank lending, would hit 5.1% this year, just a. Markets currently expect a 0.25% reduction in interest rates.

With the federal reserve lowering interest rates, some borrowing costs have begun to ease — signs that loans may become cheaper in the near future. How low will interest rates go?