Fed Rate Cut 2024. The federal reserve is likely to cut interest rates just once this year, as housing costs are too high and the job market is still too hot, vanguard said. The federal reserve left interest rates unchanged on wednesday and signaled one cut in 2024, with more to come in 2025.

The fed now projects just one rate cut in 2024, down from multiple ones in its previous projection. Earlier, inflation data for may.