Anticipated Fed Rate Cuts 2024. The fed on wednesday lowered its benchmark rate by 0.50 percentage points, a critical pivot after the central bank introduced a flurry of rate hikes to tame the pandemic's. Morgan research expects the fed to cut rates by another 50 bp at its next meeting in early november.

Economic growth and easing inflation became more evident. The federal reserve will lower interest rates by 25 basis points at each of the u.s.