February 2024 / VIDEO
The Fed Has Pivoted. What’s Next?
With cooling expectations, investors wonder when and how far U.S. rates will fall in 2024.
Key Insights
- Reduced expectations that the Federal Reserve will begin cutting interest rates in March have left investors wondering when—and how far—U.S. rates will fall in 2024.
- Based on past Fed hiking and cutting cycles, we expect modest rate cuts, although the Fed’s actions will be influenced by inflation and labor market conditions.
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February 2024 / INVESTMENT INSIGHTS
Tim Murray is a capital market strategist in the Multi-Asset Division. Tim is a vice president of T. Rowe Price Associates, Inc.