Expected Fed Rate Cuts 2024 Dates. During the latest press conference, fed chairman j. The federal reserve is forecasting a soft landing and full employment and intends to reduce its policy rate by at least 75 basis points in 2024.
At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the first time in four years due to progress on the fed’s dual mandate. In 2024, for example, nine of the central bank’s 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo.