Expected Fed Rate Cuts 2024. Federal reserve chair jerome powell said on wednesday interest rates could be cut as soon as september if the u.s. Federal reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the coming year, a sign.
Investors expecting steep rate cuts as inflation keeps cooling this summer could be disappointed as the us economy looks too strong to justify heavy policy easing from the fed. 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 continuing at that level in.