Fed Rate Cut Expectations 2024. Fed funds futures contracts for december on monday reflected expectations of around 60 basis points in rate cuts this year, compared to some 150 basis points that had. Commonwealth cio brad mcmillan shares his rate expectations for the year ahead.
That would mark the fed’s third consecutive rate cut this year, which kicked off with a jumbo 0.5 percentage point reduction in september, followed by a 0.25 percentage point cut at its november. Fed funds futures contracts for december on monday reflected expectations of around 60 basis points in rate cuts this year, compared to some 150 basis points that had.