Fed Lower Interest Rates 2024. Earlier this week, the fed announced it was leaving the current federal funds rate, which helps set interest rates for loans throughout the economy, unchanged at 5.25% to 5.5%. Interest rates are expected to move lower in 2024, according to the cme’s fedwatch tool, which measures the implied expectations of interest rate futures.
Investors are betting it will start to lower rates at its next meeting in september. Central bankers are waiting for more.