2024 Anticipates Unprecedented Rate Cut Spree: 7 Cuts, 3 Debates, and an 18% Chance of Eight
![2024 Anticipates Unprecedented Rate Cut Spree: 7 Cuts, 3 Debates, and an 18% Chance of Eight 2024 Anticipates Unprecedented Rate Cut Spree: 7 Cuts, 3 Debates, and an 18% Chance of Eight](https://bigbreakingwire.in/wp-content/uploads/2024/01/img_20240113_1038105019832577940237001.jpg)
In 2024, markets anticipate continuous rate cuts starting in March, aiming for a total of seven reductions to reach 3.50% to 3.75% by December.
• Markets anticipate rate cuts at every meeting in 2024, starting from March.
• This implies a sequence of 7 consecutive interest rate reductions within the year, aiming to bring the Fed Funds rate down to 3.50% to 3.75% by December.
• Despite this expectation, the latest guidance from the Fed indicates a plan for 3 cuts in 2024, and there is internal debate about whether March is too early to initiate the process.
• Additionally, there is a notable ~18% probability of experiencing as many as eight interest rate cuts throughout 2024.
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