Probability Of Fed Rate Cut In March 2024. What is the likelihood that the fed will change the federal target rate at upcoming fomc meetings, according to interest rate traders? Futures that settle to the fed's policy rate on wednesday pointed to a little under a 60% chance of a rate cut in march, versus about a 65% chance seen at the close of business.
By contrast, in march the fed called for a 4.6% rate,. The new batch of quarterly projections shows that fed committee members expect to cut their key policy rate to 4.6% by the end of 2024, down from the current range of 5.25%.
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