Free Trial

Fed: Instant Answers: Fed Expects 3 Cuts In 2024

FED
  • Federal Funds Rate Range Maximum: 5.5%
  • Does the FOMC characterize inflation as easing in the first paragraph? YES. "Inflation has eased over the past year but remains elevated."
  • Does the FOMC change its forward guidance? "In determining the extent 
    of ANY additional policy firming that may be appropriate to return inflation to 2 percent..."
  • Does the FOMC say rates are "sufficiently restrictive"? NO
  • Median Projection of Fed Funds Rate at End of 2024: 4.6%
  • Median Projection of Fed Funds Rate at End of 2025: 3.6%
  • Median Projection of Fed Funds Rate at End of 2026: 2.9%
  • Median Longer Run Projection of Fed Funds Rate: 2.5%
  • Number of 2024 dots > 5.125%: TWO
  • Number of 2024 dots < 4.875%: ELEVEN
  • Number of 2024 dots < 4.625%: FIVE
  • Median Projection of PCE Inflation in 2024: 2.4%
  • Median Projection of Core PCE Inflation in 2024: 2.4%
  • Number of dissenters on size of rate move: ZERO
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.