Fed Rate Cut Expectations March 2024 Forecast. Financial markets have expected the first cut in march and five further reductions in 2024, while the fomc’s economic projections from december suggested only three quarter. 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 rate cut on.
Coming into the year, investors were anticipating five cuts starting in march. Median forecast for pce inflation, the fed’s preferred gauge, is unchanged at 2.4% for 2024 while core pce projection rises 0.2 percentage point to 2.6%;