No More Rate Cuts In 2024. With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the “soft landing” narrative that has. By that logic, 2024 should have started off weak for gold, given the unexpectedly strong performance of u.s.
The fomc’s updated projections implied that the fed would deliver at least one rate cut before the end of 2024, two fewer than forecast in the committee’s march forecast. Leading central banks are expected to begin cutting interest rates over the coming year as falling inflation fuels predictions among investors and economists that prices are under control.