Expected Rate Cuts 2024. Earlier wednesday, the bureau of labor statistics reported, in a preliminary revision of the nonfarm payroll numbers from april 2023 through march 2024, that gains. Stronger than expected us jobs data helps weaken case for lower rates after sharp rally in bond market.
The first interest rate cut may come in september and up to three cuts are possible in 2024. A symbolic rate rise to zero per cent in april is still expected, but it is a close call and will depend heavily on wage data in the coming months.