When Will The Fed Lower Interest Rates 2024 Predictions. For instance, a year after the fed cut rates in july 1995, the unemployment rate was unchanged at 5.5%. The cme’s fedwatch tool forecasts that the federal funds rate will most likely end 2024 at 4.25% to 4.5%.
Smaller probabilities are ascribed to rates being either 25 bps higher or. Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been.