How Many Rate Cuts Are Priced In For 2024. In december, fed officials indicated that they envisioned three rate cuts in 2024, reducing their benchmark rate to about 4.6% by year’s end. The fed pivot has markets increasingly expecting rate cuts to begin earlier in 2024.

Markets saw 78% odds that the fed’s first rate cut will happen by the may 1 meeting. The first interest rate cut may come in september and up to three cuts are possible in 2024.