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Next year, the majority of officials see the fed funds rate hitting 3.4%, lower than the 4.1% anticipated in its prior forecast. That suggests four additional rate cuts to come in 2025.
"We have therefore revised our Fed forecast to accelerate the pace of cuts next year and now expect a longer string of consecutive 25bp cuts from November 2024 through June 2025, when the funds ...
On Wednesday, the Fed also released its economic projections for the coming years, which shows that its members are pegging the median 2024 federal funds rate at 4.4%.
The September median projection now points to 100 basis points of cuts in 2024, with the federal funds rate expected to fall to a midpoint of 4.4% by the end of this year.
Interest Rates Are Set To Be Cut It’s almost certain the Federal Reserve will cut the fed funds rate from the current 5.25%-5.5% level. ... 2024 9:15 ET . 3. Wall Street Analysts Predict 0.25% ...
The Federal Reserve held interest rates at a 23-year high Wednesday while scaling ... lowers forecast to 1 rate cut in 2024. ... of each Fed official about the direction of the federal funds rate.