Fed Rate Cut Chances In 2024. Paves way for fed rate cut. What is the likelihood that the fed will change the federal target rate at upcoming fomc meetings, according to interest rate traders?

In 2024, for example, nine of the central bank’s 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo rate cut on wednesday. Traders focus on november jobs data and inflation report to determine fed’s rate cut decision on dec.