Anticipated Fed Rate Cuts 2024 Predictions. The fed announcing its first rate cut since march 2020 “has almost no effect on the election,” jpmorgan chase ceo jamie dimon told the atlantic in a moderated. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that.

The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that. Earlier in the year, most economists pegged the first rate cut of 2024 for the fed’s march 20 meeting.