Fed Lower Interest Rates 2024. Here's what to expect — and what it means for your money. The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several federal reserve officials have.

Among 21 primary dealers polled, nearly 60%, or 12, expected the fed to reduce rates twice in 2024. The federal reserve left its key interest rate unchanged at between 5.25% and 5.5% — the highest level in more than a decade — as annual inflation rates.