Anticipated Rate Cuts 2024. Fed is widely anticipated to cut interest rates following their september meeting, although this has yet to be confirmed. By a narrow margin, fomc members now foresee only 25 basis points (i.e., 0.25 percentage points) in cuts in 2024 compared with 75bps in their march projections;.
That peak level was set when the fomc last raised interest rates in july. The widely anticipated move takes the benchmark rate in the 20 countries that use the euro to 3.5%, from 3.75% previously.