Interest Rates 2024 Forecast Accuracy. The first interest rate cut may come in september and up to three cuts are possible in 2024. At the december 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 25 basis points.
Observing the chart, the current expectations for interest rate hikes/cuts in 2024 for major central banks are all negative and continue to show a downward trend. What is happening with interest rates?