Interest Rate Cut August 2024 Prediction. The latest poll from reuters shows 49 out of 65 economists (75%) expect one further cut this year, while 16 (25%) expect two. After almost two years of interest rates rising, many mortgage holders hope rates could be cut at some point in 2024.
Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year โ much lower than the 5.1 percent they had been expecting in june,. The us central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut.