Rate Cuts 2024. On wednesday, it reduced that forecast for interest rates to come down to 4.4% by the end of 2024 and 3.4% at the end of 2025. The federal open market committee chose to lower its key overnight borrowing rate by.
But nine months in, rate cuts still haven’t happened, drenching wall street’s parade and leaving us consumers squeezed by elevated interest rates. All that could start to change on wednesday.