Expected Fed Rate Cuts 2024/23. At the start of 2024, investors expected the federal reserve to cut interest rates substantially this year as inflation cooled. Goldman sachs economists previously expected the first fed interest rate cut to happen in december 2024.
The expected increase in the core measure, which paints a better picture of underlying inflation, would remain the smallest since march 2021. The federal reserve (fed) announced at its january 2024 meeting.