Will The Fed Cut Interest Rates In 2024
Will The Fed Cut Interest Rates In 2024. Likewise, fewer economists are now predicting that the fed will cut rates at its may 1 meeting. In fact, at jackson hole two years ago, powell himself warned that using high interest rates to defeat the inflation spike “would bring some pain to households.
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. Among 21 primary dealers polled, nearly 60%, or 12, expected the fed to reduce rates twice in 2024.