Fed Rate Cut July 2024 News. The federal reserve may cut interest rates in july to prevent a recession. Federal reserve officials left interest rates unchanged at their july meeting, as economists had expected, and hinted that recent progress in lowering inflation.

New york cnn — the federal reserve is all but certain to hold interest rates steady at its meeting this week. In 2024, for example, nine of the central bank’s 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo rate.