Fed Rate Cuts 2024 Dates November. After raising its key interest rate for nearly two years to tamp down growth and rising prices, economists expected the fed to cut the rate to bring it more in line with slowing. This visualization from our 2024 global forecast series uses data from the federal reserve to chart past interest rate cut cycles and visualizes forecasts by top banks and institutions on when they expect the first rate cut.

After this meeting, traders see a 48%. The federal reserve said wednesday it would pause its aggressive rate hike campaign one more time, and signaled rate cuts are ahead in 2024.