According to FedWatch, there is almost a 100% chance that interest rates will stay the same at Wednesday’s meeting. The possibility of a significant rate cut before the end of the year has decreased. Experts at Reuters predict that the Federal Reserve will only implement 2 rate cuts in 2024, with the first one expected in September. At the beginning of the year, Fed members were estimating a 75 basis point cut, while the market was anticipating a 150 basis point cut. Additionally, on Wednesday evening, we will receive the latest 3-year average interest rate forecasts.
