Next Fed Meeting On Interest Rates 2024 News. The fed is likely to hold off on cutting rates until later in 2024, with most experts now penciling the first rate reduction for the central bank's september or. The federal reserve said wednesday it was keeping its key interest rate unchanged as it fights elevated inflation rates that have been pinching u.s.

Inflation still elevated, with progress merely ‘modest’ Here’s what to expect — and what it means for your money.