Will Fed Cut Rates In 2024 March. Powell acknowledged that the fed would likely cut even before hitting the 2% inflation. The march decision marks the fifth consecutive meeting at which the federal reserve (fed) has opted to hold interest rates steady.

That’s important because markets still see a roughly 50/50 chance of a march cut, according to futures — even though fed officials have recently argued that’s too soon to begin paring. The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their war against inflation.