Fed Rate Cut Chances In 2024 Olympics. September 30, 2024 at 7:00 pm edt. Here’s a look at what could happen to the economy in terms of the labor market, inflation and the likelihood of a recession now that the fed has lowered its sky.
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 cuts rates “when something goes wrong in the economy,” said.