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Here's what we learned Wednesday about how likely that seems right now. If the Federal Reserve cuts its benchmark rate this year, it will push savings and CD rates lower
Fed Lower Interest R … Jacob Nasir The Fed is expected to cut interest rates in 2025, perhaps two or three times, with greater uncertainty for the second half of the year. The Outlook For Interest Rates For now, the FOMC is projecting two interest rate cuts for 2025, with the first perhaps coming in June. The Fed is set to hold interest rates steady, but with inflation rising amid a slowing economy, it could lower its forecast for interest rate cuts.
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