When Will The Fed Lower Interest Rates 2024 Dates. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was moderating and the. The federal reserve slashed interest rates aggressively wednesday, announcing the first rate cut since march 2020.

Apys for some products may. The federal reserve open market committee is expected to cut interest rates in 2024, perhaps starting in september as inflation cools.