Rate Cuts For 2024. Financial markets have expected the first cut in march and five further reductions in 2024, while the fomc’s economic projections from december suggested only three quarter. Hammack says fed ‘at or near’ point of slowing rate cuts.
And morgan stanley are among those projecting cuts of 40 basis points to the people’s bank of china’s main policy rate in 2025. Federal reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024, one more reduction than predicted last month, according to a slim majority.