Expected Fed Rate Cuts 2024 Olympics. America’s central bank is on the verge of defeating inflation without causing a sharp. By the end of 2023, the gap between the expected federal funds rate and the expected rate of core personal consumption expenditures inflation is 1.7%.
Though the vote was unanimous to hold rates last month at their 5.25% to 5.5% target range, “several” fomc officials said they would have supported a 25 basis point cut last. London cnn — at the beginning of the year, federal reserve officials projected they would cut interest rates three times this year.