Fed Rate Cuts 2024 Reddit 2024. Federal reserve bank of new york president john williams said officials will likely need to lower rates further to move policy to a neutral stance now that risks to inflation and. Inflation, which had cooled from its higher levels in recent years, rose by 2.6% in october, a small jump after the fed cut interest rates in september, according to cbs.

The current projection for pce inflation from the fed due 2024 is 2.6%. It looks like with rate cuts may come increases in inflation and the fed may wind up being handcuffed on lowering rates at some point.