Will The Fed Cut Interest Rates In July 2024. Mon, sep 16, 2024, 4:00 am 7 min read. The fed left its benchmark rate at 5.25% to 5.5% in july 2024, but said it could trim borrowing costs as soon as september if inflation slows.
Consumer demand warrants a cautious approach. The federal reserve open market committee is expected to cut interest rates at least once during its four remaining meetings of 2024.