How Many Fed Rate Cuts In 2024 Olympics. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was. The message from the fed’s projected dot plot is that while the fed will remain data dependent, the path of the fed funds rate will be fairly profound over the rest of 2024,.

Slow and shallow rate cuts would be more consistent with the economic “soft landing” that fed officials are trying to achieve than steep cuts that might benefit equity. Stocks pulled back from record highs as wall street recalibrated its expectations to four or five rate cuts in 2024, more in line with the fed’s own projections than the six cuts.