Fed Rate Cut 2024 Dates. To contain inflation, the fed raised interest rates 11 times between march 2022 and july 2023. The fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years.

I anticipated only a 25 basis point interest rate cut, and i still think that would. 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.