Fed Rate Cuts 2024 Dates. Looking ahead to future fed interest rate policies, prestige economics expects a 0.25% rate cut in december 2024, with more interest rate cuts in 2025 and 2026. Fed chair jerome powell said officials could speed up or slow the pace of rate cuts depending on how the economy and inflation evolve.
Gdp for 2024 was lowered slightly to 1.4% from 1.5%, while the unemployment rate is seen rising to 4.1% in 2024 from its present 3.7% rate and continuing at that level in. With interest rates declining, borrowing costs for credit cards, personal loans, and auto financing should get a bit cheaper, saving a few bucks on most loans.