Rate Cut Expectations 2024. Economists and strategists now see the fed waiting until at least. The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more.
Expectations on overall economic growth were unchanged, but fomc committee members increased their inflation forecast for 2024 and 2025 and reduced. The fomc’s updated projections implied that the fed would deliver at least one rate cut before the end of 2024, two fewer than forecast in the committee’s march.