Fed Interest Rates 2024 Forecasting Meaning

Fed Interest Rates 2024 Forecasting Meaning. 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. The federal reserve is widely expected to keep interest rates on hold at its meeting next week but the latest “dot plot” will give insight into the us central bank’s.

Increases in interest rates are generally favorable for commercial bank net interest income. Here’s what to expect — and what it means for your money.