Interest Rate Cuts 2024 Us. In addition to the first cut in march 2024, we’re expecting a total of six cuts for the whole year. Powell, the fed chair, said that the central bank would take future interest rate cuts “meeting by meeting” after lowering rates by a half percentage point, an.
The federal reserve left interest rates unchanged wednesday but adjusted its projections to include three cuts to interest rates next year from the current 5.25% to 5.5% range. Officials penciled in three rate cuts for 2024, according to their latest economic projections released in december, but markets are pricing in double that amount, beginning as.
