Fed Lowering Interest Rates 2024 Prediction. But price increases have been surprisingly stubborn, and that is. Federal reserve cuts rates by 50 basis points.
Economists have revised their forecasts following tuesday’s sticky inflation report, with many of them now projecting the fed’s first cut will come later in 2024 than. Among 21 primary dealers polled, nearly 60%, or 12, expected the fed to reduce rates.