Us Fed Rate Cut 2024 Olympics. The fed signaled that rates could begin to decline in the future, but they will keep an eye. Federal reserve chair jay powell said friday he expects the central bank will cut its key.

But wednesday’s decision by the fed to once again leave rates unchanged provided little comfort. A drop toward the 4.5% midpoint, where the central bank prefers to anchor them, will add impetus for its first rate cut since the height of the pandemic.