Expected Interest Rate Cuts In 2024. A rough patch for inflation at the outset of 2024, however, forced the central bank to all but abandon those plans. However, any decline in interest rates is expected to be mild compared to the pace.
Among 21 primary dealers polled, nearly 60%, or 12, expected the fed to reduce rates twice in 2024. Despite delays relative to expectations, markets still expect one or two interest rate cuts in 2024.