Fed rate cuts in 2024

Fed rate cuts in 2024

by Tiffany Wang, WOO Analyst

The PCE index is currently registering below the Federal Reserve's targets on a 6-month annualized basis. Also, the US private sector is generating an average of approximately 115,000 new jobs per month, reflecting a comparatively modest pace of growth. Notably, the Federal Funds Rate stands at 5.25% amidst these economic conditions.

Given these indicators, there is a clear expectation in the market that the Fed will implement rate cuts in 2024. This sentiment is underscored by the bond markets, which are currently pricing in approximately 175 basis points of cuts by early 2025.

The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself.

The content of this document has been translated into different languages and shared throughout different platforms. In case of any discrepancy or inconsistency between different posts caused by mistranslations, the English version on our official website shall prevail.

Read Next

We use cookies to improve your experience. To find out more, please read our Privacy Policy. By clicking "Accept", you consent to our cookie and Privacy Policy. Or you may click “Decline”to refuse to consent.

Stay Connected

WOO connects traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at zero or low cost.

Terms of Service Privacy Policy Information Security Statement