Fed Interest Rates 2024 Predictions Today. Economists have revised their forecasts following tuesday's sticky inflation report, with many of them now projecting the fed's first cut will come later in 2024 than. The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at federal reserve banks) with each other overnight.

Earlier, inflation data for may came. Overall, the current expectation is that the fomc will start to cut interest rates in 2024.