Will Interest Rates Be Cut In 2024. The federal reserve is widely expected to cut its benchmark interest rate when it meets wednesday. It’s a pivotal week for the us economy, with the federal reserve expected to cut interest rates for the first time since 2020.

The rate influences borrowing costs for mortgages, credit cards, and car loans, and has been. 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.