Fed Rate Cut Expectations 2024. Central bank's three remaining policy meetings in 2024, according to a majority of. Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to the single cut in 2024 that they projected in june.
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. Throughout all of 2023, the rate averaged 6.8% and peaked near 8%.