Fed Likely to Cut Interest Rates Twice in 2024, Says Analyst

According to BlockBeats, on December 18, ClearBridge Investments strategist Jeff Schulze shared insights regarding the Federal Reserve's potential interest rate adjustments for the coming year. Schulze highlighted that the robust economic conditions are influencing expectations towards fewer rate cuts. He anticipates that the Federal Reserve is most likely to implement two interest rate cuts of 25 basis points each in 2024. Schulze further elaborated on the likelihood of the number of rate cuts, suggesting that while there is a possibility of either one or three cuts, the scenario of a single rate cut appears more probable. This perspective is shaped by the current economic strength, which may lead the Federal Reserve to adopt a more cautious approach in adjusting interest rates. The analysis reflects ongoing discussions and predictions about the central bank's monetary policy direction in response to economic indicators.