Expected Fed Rate Cuts 2024 Olympics. Federal reserve will wait until september to cut its key interest rate, according to a majority of 100 economists polled. Fed officials expected to cut rates only once in 2024 but now the market is betting on 3 cuts this year.

At the june fomc meeting, the fed left rates unchanged and lowered its guidance on interest rate cuts to just a single 25 basis points reduction in. The fed will only cut rates once this year because the us economy is too strong, market vet says.