Fed Interest Rates 2024 Predictions For Inflation. That inflation rate is well down from peak levels in summer 2022. Federal reserve officials left interest rates unchanged at their july meeting, but the head of the central bank made it clear that recent progress in lowering inflation.

Economists have revised their forecasts following tuesday’s sticky inflation report, with many of them now projecting the fed’s first cut will come later in 2024 than they had. Fed officials have said falling inflation would prompt them to start lowering the rate, reversing a campaign of rate hikes that began in.