Expected Fed Rate Cuts 2024 Date. The speed of the jump in the jobless rate, which bottomed at 3.4% early last year and has since climbed to 4.3% as of last month, has added urgency to the debate. Towards rate cuts in 2024.
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. However, even in those projections, most policymakers were expecting one or two interest rate cuts in 2024, though a minority believed rates would be held steady.
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