How Much Rate Cut Expected In 2024. The federal reserve on wednesday left its benchmark interest rate unchanged and penciled in only one rate cut in 2024 as policymakers await more. 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.
Federal reserve will likely start interest rate cuts in september. Earlier in the year, most economists pegged the first rate cut of 2024 for the fed’s march 20 meeting.