Probability Of Fed Rate Cut In March 2024
Probability Of Fed Rate Cut In March 2024. Federal reserve officials signaled wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation was surprisingly high at the start of the year. The bureau of labor statistics reported that the consumer price.
Inflation, as measured by the fedโs favored metric, is seen ending 2023 at 2.8%, down from 3.3% in september, while hitting 2.4% in 2024 and 2.1% in 2025 and 2% in 2026. The initial market reaction sent expectations for a march rate cut to a below 10% probability โ quite a shift after starting the year at 80%, pnc bank said in a tuesday investment note.