Fed Interest Rates 2024 Predictions. The federal reserve is still expected to cut interest rates between one and three times in 2024. Among 21 primary dealers polled, nearly 60%, or 12, expected the fed to reduce rates twice in 2024.
Mcbride expects that the average rate will hold above 20 percent for most of the year and eventually dip to 19.9 percent by the end of 2024 as the fed cuts rates. Read more about the implications of the fedโs latest.