Us Fed Rate Cut Expectations March 2024. The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning. The march decision marks the fifth consecutive meeting at which the federal reserve (fed) has opted to hold interest rates steady.

Federal reserve officials kept interest rates at 5.3 percent and projected they would lower borrowing costs in 2024 as the fed chair struck a watchful tone. The fed has projected it will cut rates by 75 basis points this year.