Fed Rate Cuts 2024 Predictions 2024 Lok. Federal reserve bank of new york president john williams said officials will likely need to lower rates further to move policy to a neutral stance now that risks to inflation and employment have. Read more about the implications of the fed’s latest decision.
This lowers the interest rate target to a range of 4.75% to 5%. After a historic run of higher interest rates, the federal reserve signaled in its july meeting that it is leaving the door open to start cutting rates in september.