Will Fed Raise Rates In July 2024. Federal reserve will cut its key interest rate in june, according to a stronger majority of economists in the latest reuters. In response, cd rates stopped climbing and, by the fourth quarter of 2023, began moving downward.
Median forecast for pce inflation, the fed’s preferred gauge, is unchanged at 2.4% for 2024 while core pce projection rises 0.2 percentage point. Federal reserve meeting fed signals rate cuts in 2024.