Us Fed Rate Cut 2024 Dates. After raising its key interest rate for nearly two years to tamp down growth and rising prices, economists expected the fed to cut the rate to bring it more in line. The current federal funds rate as of october 03, 2024 is 4.83%.

This visualization from our 2024 global forecast series uses data from the federal reserve to chart past interest rate cut cycles and visualizes forecasts by top. Fed policymakers typically meet for two days at a time.