Interest Rates 2024 Prediction. Today's high rates are intended to be something like sand in the gears of the economy, discouraging. Though federal reserve chair jerome powell announced another rate hike today, we think the fed is done after this, and we expect steep interest rate cuts in 2024.

See our predictions for rates on mortgages, credit cards, savings accounts and more. Investors are focused on policymakers’ economic projections and the path forward.