Anticipated Fed Rate Cuts 2024 India. Experts suggest deeper cuts could. The fed has raised rates 11 times since march 2022, holding the federal funds rate steady at between 5.25% and 5.5% since august 2023, in an effort to tame.
The us federal reserve cut its benchmark interest rate by an unexpected 50 basis points (bps) on wednesday, a move that caught many by surprise. In 2024, for example, nine of the central bankโs 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo.