Fed Interest Rates 2024 Forecast. The personal consumption expenditures (pce) price index, which the fed uses to gauge progress toward its 2% inflation target, rose to an annual rate of 2.7% in. One hopeful sign is that as powell and other fed officials have signaled that rate cuts are coming, many interest rates have already fallen in anticipation.
The widespread expectation is for a cut of 0.25 percentage point, or 25 basis points, to benchmark rates from the current range of 5.25% to 5.5%. September 13, 2024 at 7:00 am edt.