Expected Fed Rate Cuts 2024 Lok. Fed policymakers scale back to one rate cut in 2024; Jobs report, which encouraged interest rate futures traders to price in as much as 120.

Fed funds futures contracts for december on monday reflected expectations of around 60 basis points in rate cuts this year, compared to some 150 basis points that. 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.