How Many Rate Cuts In 2024. While officials affirmed their view for three rate cuts this year even as they upgraded the economic outlook, they trimmed the number of cuts expected next year. Despite delays relative to expectations, markets still expect one or two interest rate cuts in 2024.
As of the summary of economic projections on june 12, most policymakers anticipated one or two interest rate cuts in 2024. The average interest rate on a new credit card now at 24.84%, the highest since lendingtree started tracking rates in 2019.
