Us Rate Cuts 2024 Predictions. We expect three rate cuts in 2024 of 25 basis points each, starting in september. That peak level was set when the fomc last raised interest rates in july 2023.

The first interest rate cut may come in september and up to three cuts are possible in 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 markets more.