Expected Fed Rate Cuts 2024 Lok. Higher fed interest rates trickle. The median fomc member now expects one 0.25 percentage point cut in 2024, down from two in march, although the modal number of cuts is still two.
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. Earlier wednesday, the bureau of labor statistics reported, in a preliminary revision of the nonfarm payroll numbers from april 2023 through march 2024, that gains.