Fed Rate Cuts 2024 News 2024. Washington — the federal reserve approved its second consecutive interest rate cut thursday, moving at a less aggressive pace than before but continuing its efforts to. Federal reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the coming year, a sign.

The fed is expected to cut its benchmark rate to a range of 4.25% to 4.5% at its december meeting. Policy easing hinges on more progress reducing inflation;