Fed Rate Cuts 2024 Septemberpop. Why did the fed increase the interest rate? Fed cuts rates again the federal reserve cut interest rates by a quarter point, the second reduction this year.

The fed’s new projections also revealed that policymakers expect the unemployment rate to hit 4.4 percent by the end of 2024, up from their original estimate of 4 percent. Federal reserve will likely start interest rate cuts in september.