Us Rate Cuts 2024 Date. Earlier in the year, most economists pegged the first rate cut of 2024 for the fed's march 20 meeting. Currently, the fed’s target rate is sitting at 5.25% to 5.5%.

Officials penciled in three rate cuts for 2024, according to their latest economic projections released in december, but markets are pricing in double that. Column chart showing the emerging market interest rate cuts and hikes in the last two years with fed rate hikes and cuts annotated.