Fed Rate Cut Predictions For 2024. The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected appropriate target level for the federal funds rate at the end of the specified calendar year or over the longer run. Fed officials also penciled in more rate cuts by yearโs end in their latest economic forecasts, compared to the single cut in 2024 that they projected in june.
Central bank’s three remaining policy meetings in 2024, according to a majority of. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was.