Expected Fed Rate Cuts 2024 Uk

Expected Fed Rate Cuts 2024 Uk. By contrast, in march the fed called for a 4.6% rate,. Expectations of a rate cut in september — the fed’s last meeting before november’s presidential election — fell to about 64 per cent, from above 80 per cent before.

The personal consumption expenditures price index, which the fed uses for its 2% target rate, was 2.5% for the year ended in july, unchanged from june. Rate cuts in mind, but patience required.