Daron Katheryn

Fed To Cut Rates In 2024. 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 expecting in june, when they. Investors and the fed both agree that rates will need to come down in 2024, based on the us economy’s direction.

As it looks to keep the economy in good standing, a growing concern is whether cutting rates will cause inflation to spike. With interest rates declining, borrowing costs for credit cards, personal loans, and auto financing should get a bit cheaper, saving a few bucks on most loans.