Expected Fed Rate Cuts 2024 Dates. Most policymakers now project the fed funds rate will hover between 5 per cent to 5.25 per cent by the end of 2024, up from 4.6 per cent in june. With both the jobs picture and inflation softening, the central bank's federal open market committee chose to lower its key overnight borrowing rate by a half.
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. With both the jobs picture and inflation softening, the central bank’s federal open market committee chose to lower its key overnight borrowing rate by a half.