Anticipated Fed Rate Cuts 2024 Expected. The federal reserve left rates unchanged for the seventh consecutive meeting in june 2024 and now expects only one rate cut in 2024. Officials penciled in three rate cuts for 2024, according.
The federal reserve left its benchmark interest rate unchanged at 5.25% to 5.5% and projected only one rate cut in 2024, down from three earlier. The fedwatch tool prices in a 4% to 4.25% range as the most likely destination at the end of 2024, indicating a total of 125 basis points of cuts at the fed’s.