Expected Interest Rate Cuts In 2024. Earlier this year, the fed had projected just one reduction. Federal reserve will wait until september to cut its key interest rate, according to a majority of 100 economists polled by reuters, with half saying there will be only two cuts this.
Jobs report, which encouraged interest rate futures traders to price in as much as 120 basis points of reductions. Federal reserve officials signaled wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation was surprisingly high at the start of the year.
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