Expected Fed Rate Cuts 2024 Lok

Expected Fed Rate Cuts 2024 Lok. He estimates that the neutral rate at 2.8%, well below the current fed funds rates. Fed officials have held interest rates at 5.3 percent since july, after raising them sharply from near zero starting in march 2022.

The federal reserve was about to cut interest rates, turning the corner after a long fight with inflation. Economists see the personal consumption expenditures price indexexcluding food and energy — the fed’s preferred measure of underlying inflation — rising 0.2% in.