Expected Fed Rate Cuts 2024 June. Fed policymakers scale back to one rate cut in 2024; As of the summary of economic projections on june 12, most policymakers anticipated one or two interest rate cuts in 2024.

The federal reserve said wednesday it is keeping its benchmark lending rate at its current level for the seventh time in a row, while signaling fewer rate cuts than previously. Federal reserve will likely start interest rate cuts in september.