Fed Interest Rates 2024 Predictions Usa. The federal reserve was about to cut interest rates, turning the corner after a long fight with inflation. Market participants widely expect the fed will start cutting the fed funds rate in september, and they'll be looking for the central bank to provide signals this week.

Mcbride expects that the average rate will hold above 20 percent for most of the year and eventually dip to 19.9 percent by the end of 2024 as the fed cuts rates. That means americans will keep.