Fed Rate Cut Chances In 2024 Today

Fed Rate Cut Chances In 2024 Today. For the past year, the fed has held that rate at approximately 5.5%. Fed funds futures contracts for december on monday reflected expectations of around 60 basis points in rate cuts this year, compared to some 150 basis points that had been priced at the start of.

The fed on wednesday afternoon held rates steady as expected, but signaled that it now expects to cut rates just once in 2024 rather than the three times it had previously forecast. In december, the fed indicated it expects three rate cuts in 2024, thanks to a slower pace of inflation;