Us Fed Rate Cut 2024 Forecast. Earlier in the year, most economists pegged the first rate cut of 2024 for the fed's march 20 meeting. The july 2024 cpi report will likely increase the fed’s confidence that inflation is on the way to its 2% target.
What is the likelihood that the fed will change the federal target rate at upcoming fomc meetings, according to interest rate traders? For instance, a year after the fed cut rates in july 1995, the unemployment rate was unchanged at 5.5%.