How Many Fed Rate Cuts In 2024. Washington — the federal reserve approved its second consecutive interest rate cut thursday, moving at a less aggressive pace than before but continuing its efforts to. In 2024, the federal reserve is not cutting interest rates to stimulate the economy, but rather to normalize rates.

Gdp for 2024 was lowered slightly to 1.4% from 1.5%, while the unemployment rate is seen rising to 4.1% in 2024 from its present 3.7% rate and continuing at that level in. He pointed out that the atlanta fed’s gdpnow forecast shows growth in the fourth quarter accelerating at a 3.3% annual rate, well above the roughly 2% growth rate considered.