In September 2024, the possibility of the Fed cutting interest rates is relatively low. The current market consensus is that the Fed may continue to maintain the current interest rate level to cope with continued inflationary pressure.
At present, the Fed's policy focuses on inflation rate and economic growth data. According to recent data, although inflation has eased, it has not yet reached a level sufficient to prompt the Fed to cut interest rates immediately. Most analysts and economists believe that the Fed may begin to consider cutting interest rates as early as the second half of 2024, but the probability of cutting interest rates in September is small.
