Fed Rate Cuts 2024 Predictions. 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. Markets broadly anticipate a 1% decline in the fed funds rate to between 4% and 5% by the end of 2024.
Read more about the implications. The federal reserve left rates unchanged for the seventh consecutive meeting and now envisions only one rate cut in 2024.