How Many Rate Cuts In 2024 So Far. There could be one or two more cuts in 2026, with the federal funds rate expected to settle somewhere between 2.88% and 3.12%. Financial markets have expected the first cut in march and five further reductions in 2024, while the fomc’s economic projections from december suggested.

Federal reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the. Gdp for 2024 was lowered slightly to 1.4% from 1.5%, while the unemployment rate is seen rising to 4.1% in 2024 from its present 3.7% rate and.