Fed Will Cut Rates In June 2024. Fed officials have held interest rates at 5.3 percent since july, after raising them sharply from near zero starting in march 2022. Federal reserve will cut its key interest rate in june, according to a stronger majority of economists in the latest reuters poll, as the.

Instead, you’ll most likely need to wait until the fed’s june 12 meeting to see the first rate cut, according to economists polled by factset. Fed lays out rate cut plans.