When Will Feds Lower Interest Rates In 2024. And against that backdrop, officials must decide how much more to lower interest rates from their current range of 4.5 to 4.75 percent. Based on fed officials’ latest projections, they are likely to lower rates by a quarter of a point two more times this year and four times next year.

Fed officials lowered interest rates because they are confident that inflation is coming back down to their 2 percent goal, and now they want to prevent the job market from. The vast majority of federal reserve officials said the central bank would likely cut interest rates in september—while several saw a case to slash rates last month, according.