Interest Rates 2024 Fed. Economists have revised their forecasts following tuesday's sticky inflation report, with many of them now projecting the fed's first cut will come later in 2024 than they had. The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half.
Fed officials’ latest signal on interest rates also came alongside the central bank’s new forecasts for growth, which show the us economy expanding by 2.1 per cent in 2024,. The federal reserve left its key interest rate unchanged at between 5.25% and 5.5% — the highest level in more than a decade — as annual inflation rates continued to stall.
