Latest On 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. The first interest rate cut may come in september and up to three cuts are possible in 2024.

Traders in swaps markets have moved to bet on five or six rather than six or seven quarter point rate cuts by the federal reserve over the course of the year. Leading central banks are expected to begin cutting interest rates over the coming year as falling inflation fuels predictions among investors and economists that prices are under control.