Fed Will Cut Rates In June 2024. Policy easing hinges on more progress reducing inflation. Have lifted their q4 2024 forecast for core pce to 2.6% from 2.4%, but.

June 12, 2024 at 2:00 pm edt. Fed officials have held interest rates at 5.3 percent since july, after raising them sharply from near zero starting in march 2022.