Fed Rate Cuts 2024 Predictions. At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the first time in four. We expect three rate cuts in 2024 of 25 basis points each, starting in september.
Looking further ahead, the fed’s “dot plot” forecasts four more 25 bp cuts (totaling 100 bp) in 2025. Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years.