Fed Rate Cut Expectations 2024. At the june fomc meeting, the fed left rates unchanged and lowered its guidance on interest rate cuts to just a single 25 basis points reduction in 2024 (although. They target a headline of pce of 2 per cent.
The federal reserve said wednesday it is keeping its benchmark lending rate at its current level for the seventh time in a row, while signaling fewer rate cuts than. Gdp for 2024 was lowered slightly to 1.4% from 1.5%, while the unemployment rate is seen rising to 4.1% in 2024 from its present 3.7% rate and.