Fed Lower Interest Rates 2024. The federal reserve held interest rates steady on wednesday and signaled in new economic projections that the historic tightening of u.s. The fed will pivot to monetary easing as inflation falls back to its 2% target and.
The fed raises interest rates to increase borrowing costs for mortgages, credit cards and other types of loans, dampening economic activity and inflation. The federal reserve open market committee is expected to cut interest rates in 2024, perhaps starting in september as inflation cools.