Interest Rate Cut 2024. The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half. The rate cut on wednesday comes as the annual inflation rate has fallen sharply, to 2.5% last month, from a peak of.

Mortgage rates drop to lowest since early february 2023 after fed’s jumbo interest rate cut. The rate cut on wednesday comes as the annual inflation rate has fallen sharply, to 2.5% last month, from a peak of.