Will The Fed Cut Interest Rates In May 2024. The federal reserve raised rates aggressively to tame high inflation, supporting the u.s. Federal reserve officials signaled wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation was surprisingly high at the start of.
Jobs report, which encouraged interest rate futures traders to price in as much as 120 basis points. Some wall street analysts still forecast multiple rate cuts in 2024, which they predict will kick off with the september meeting.