Fed Rate Cuts 2024 Predictions 2024 Presidential

Fed Rate Cuts 2024 Predictions 2024 Presidential. The federal reserve (fed) cut interest rates for the first time in over four years, moving its benchmark rate 0.50% lower to support the labor market, while working toward its. Federal reserve may have just ducked out of the presidential campaign spotlight with a fresh set of forecasts showing no interest rate cuts are likely until after.

Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in june, when they last released. Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to the single cut in 2024 that they projected in june.