Visualized: Past Interest Rate Cut Cycles and 2024 Forecasts

By Niccolo Conte – Visual Capatalist

A key question mark for the U.S. and global economy is around when the Federal Reserve will cut interest rates in 2024 and by how much.

After a rapid set of rate hikes throughout 2022, the U.S. Federal Reserve now faces the challenge of timing its easing of monetary policy to ensure a soft landing for the economy.