Us Rate Cuts 2024 News. The federal reserve will lower interest rates by 25 basis points at each of the u.s. As covid began spreading in the united states, federal reserve officials grew concerned that it could severely damage the economy, prompting them to.

The federal reserve left interest rates unchanged wednesday but adjusted its projections to include three cuts to interest rates next year from the current 5.25% to 5.5% range. With inflation sticking at a level above their 2% target, federal reserve officials are downgrading their outlook for interest rate cuts.