How Many Fed Rate Cuts In 2024 Opm. At the beginning of the year, federal reserve officials projected they would cut interest rates three times this year. Fed officials expected to cut rates only once in 2024 but now the market is betting on 3 cuts this year.

The key to the july meeting is not what the fed does, but how chairman jay powell opens the door to rate cuts starting in september. During a speech at the brookings institution in washington, dc, on tuesday, waller confirmed that while the federal open market committee (fomc) is considering cutting.