Next Fed Meeting On Interest Rates 2024 Date. Markets currently expect a 0.25% reduction in interest rates to 4.5. Overall, the current expectation is that the fomc will start to cut interest rates in 2024.

Powell, the fed chair, said that the central bank would take future interest rate cuts “meeting by meeting” after lowering rates by a half percentage point, an unusually large move. On november 7, the federal open market committee is expected to again lower interest rates after an initial cut on september 18.