Probability Of Fed Rate Cut In 2024 India. 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,. Powell did not say when rate cuts would begin or how large they might be, but the fed is widely expected to announce a modest quarter.

The median projection among fed members as to where interest rates will be at the end of 2024 fell to 4.6% on wednesday from 5.1% in september. The firm flagged the risk of a coming downturn, despite the fed being set to cut rates in september.