Interest Rates 2024. A top question on the minds of investors and consumers alike is when might the federal reserve make its first interest rate cut after two years of rapid hikes, which. Today, the fed funds target rate is 5.25% to.

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 first interest rate cut may come in september and up to three cuts are possible in 2024.