Fed Interest Rates 2024 Forecast. The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half. Mcbride expects that the average rate will hold above 20 percent for most of the year and eventually dip to 19.9 percent by the end of 2024 as the fed cuts rates.

The benchmark interest rate in the. Eleven rate hikes later, the fed funds target range is now.