Probability Of Fed Rate Cut In March 2024 Us. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that inflation was. The central bank’s aim is to slow it to the 38% to 42% range by the end of the year, allowing it to start cutting the rate from its current level of 50%.
The fed’s move comes just days after america elected donald j. An early estimate for 2024 was 3.2%,.