Expected Fed Rate Cuts 2024 Dates. Today, the fed funds target. Most notably, the updated dot plot showed that the median fed member expectation for the federal funds rate implies three 25 basis point [0.25%] interest rate cuts by.
If so, it will be the first rate cut since july 2023. 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.