Probability Of Fed Rate Cut In March 2024. On march 16, 2022, the fed raised short term rates by a quarter of a percentage point to put the federal funds rate in a range between 0.25% to 0.5%. Federal reserve officials have indicated that march is too early to cut rates, and the data over the past month has reinforced that view with two months of strong cpi.
As of the morning of aug. The initial market reaction sent expectations for a march rate cut to a below 10% probability โ quite a shift after starting the year at 80%, pnc bank said in a.