Expectations for rate cuts shifting Later and fewer cuts anticipated for 2024
Federal Funds Rate
6%
2024 Rate Cuts Expectations
5%
First cut likely not until June/July 2 or 3 cuts rather than 5 to 6 cuts
4%
3%
2%
1%
0%
2018
2019
2020
2021
2022
2023
2024
Source: Federal Reserve
23
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