Will The Fed Lower Interest Rates In 2024 Uk. The bank of england is set to keep interest rates unchanged this week as it hunts for clearer signs that pay growth and services inflation are cooling sufficiently to permit a cut in. The fed will begin cutting interest rates once it’s clear that inflation has cooled enough and won’t heat back up — or if the job market deteriorates much more than expected,.

Markets had been looking for signs that the fed will reduce rates when it next meets in september, with futures pricing pointing to further cuts at the november and. Powell and other fed officials have said they will not cut interest rates until they have gained even greater confidence that inflation is headed back to the central bank’s 2%.