Fed Rate Cuts 2024 March. Federal reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the coming. Fed officials maintained their previous projection of three cuts to the benchmark federal funds rate by the end of the year.

The federal reserve will likely avoid signaling an imminent rate cut this week, staying focused on stubborn inflation while keeping one eye on a slowly rising jobless rate. The march decision marks the fifth consecutive meeting at which the federal reserve (fed) has opted to hold interest rates steady.