Probability Of Fed Rate Cut In March 2024 Prediction. By the end of powell's press conference, markets were pricing in a 74% chance the fed would begin to cut interest rates in june, according to the cme group’s fedwatch tool, which forecasts rate. As it stands now, the fed has paused rates at.
Bankers are predicting three rate cuts later this year. The federal reserve (fed) announced at its march 2024 meeting that it would maintain the overnight federal funds rate at the current range of 5.25% to 5.5%.