When Will Fed Cut Rates In 2024 Canada. The widespread expectation is for a cut of 0.25 percentage point, or 25 basis points, to benchmark rates from the current range of 5.25% to 5.5%. The bank is continuing its policy of balance sheet normalization.

Fed holds interest rates steady, sees just 1 cut in 2024 despite inflation progress. Investors see a 59% chance the canadian central bank would ease by 50 basis points in october, up from 46% before the fed decision.