Fed Rate Cut Predictions 2024. What is the likelihood that the fed will change the federal target rate at upcoming fomc meetings, according to interest rate traders? Fed interest rate cuts could begin in early 2024, according to some experts.

That outcome is predicated on the fed starting to ease soon and over time reducing the policy rate closer to 3 per cent, said priya misra of jpmorgan asset. Their 2024 estimate of core pce, their preferred measure of underlying inflation, rose from 2.6 per cent to 2.8 per cent.