How Many Fed Rate Cuts In 2024 Today. But it remains unclear as to when rate cuts will ultimately begin and how many times the fed will cut in 2024. Wednesday's rate cut is the fed's first since 2020, but it won't be the last.

Federal reserve officials kept interest rates at 5.3 percent and projected they would lower borrowing costs in 2024 as the fed chair struck a watchful tone. 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.