Fed Rates 2024 Predictions Today. The recent federal reserve rate cut has set the stage for potentially lower mortgage rates but industry experts are looking beyond central bank policy to gauge. Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year โ much lower than the 5.1 percent they had been expecting in june,.
Fed officials also penciled in more rate cuts by yearโs end in their latest economic forecasts, compared to the single cut in 2024 that they projected in june. The job market is reaching a key turning point that could mean the fed will cut rates way faster than markets currently expect, according to top economist david.