Will The Fed Cut Interest Rates In July 2024. Although the fed chair jerome powell signaled at the end of 2023 that interest rate cuts could happen in 2024, they have yet to occur. Economist jan hatzius highlighted three reasons a rate cut makes.
Powell and other fed officials have said they will not cut interest rates until they have gained even greater confidence that inflation is headed back to the central. Despite some economists saying july is the right time to cut, financial market participants priced in an outside chance fridayโjust 4.7%, according to the cme.