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2024 Interest Rate Cuts Forecast Usa. That peak level was set when the fomc last raised interest rates in july 2023. Interest rates currently stand at 5.25% to 5.5%.
This visualization from our 2024 global forecast series uses data from the federal reserve to chart past interest rate cut cycles and visualizes forecasts by top. The widespread expectation is for a cut of 0.25 percentage point, or 25 basis points, to benchmark rates from the current range of 5.25% to 5.5%.
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