Fed Rate Cuts 2024 September In. Fed officials and investors have long anticipated that borrowing costs would come down in 2024 — at some point — according to their economic forecasts. The fed’s new projections also revealed that policymakers expect the unemployment rate to hit 4.4 percent by the end of 2024, up from their original estimate of 4 percent.

The fed’s new projections also revealed that policymakers expect the unemployment rate to hit 4.4 percent by the end of 2024, up from their original estimate of 4 percent. Investors widely expect the fed to cut rates at its september meeting, the first cut since march 2020 to the target federal funds rate, which only officially determines the overnight lending.