When Will The Fed Cut Interest Rates In 2024. The federal reserve left interest rates unchanged wednesday but adjusted its projections to include three cuts to interest rates next year from the current. Federal reserve chair jerome powell said on wednesday interest rates could be cut as soon as september if the u.s.

Fed officials have held interest rates at 5.3 percent since july, after raising them sharply from near zero starting in march 2022. This may start with a cut on september 18, perhaps followed by one or.