Fed Interest Rates 2024 Forecast 2024

Fed Interest Rates 2024 Forecast 2024. The fed may have left it too late to cut interest rates as recession fears grow. The declining benchmark rate will eventually mean better rates for borrowers, many of whom are facing some of the highest credit card interest rates in decades.

The fed may have left it too late to cut interest rates as recession fears grow. Mcbride expects that the average rate will hold above 20 percent for most of the year and eventually dip to 19.9 percent by the end of 2024 as the fed cuts rates.