Fed Rate Cuts 2024 March. The federal reserve is still eyeing three interest rate cuts this year, as officials wait for a bit more confidence that inflation is reliably falling to more normal levels. Federal reserve chair jerome powell’s confident press conference following the march meeting coupled with revised fed projections suggest fed officials.

For instance, a year after the fed cut rates in july 1995, the unemployment rate was unchanged at 5.5%. 18, following a series of 11 rate hikes that kicked off in march 2022 and ended in july 2023.