Reuters
- After an aggressive rate-hiking cycle that lasted nearly two years, the Fed is expected to start cutting rates in 2024.
- Moderating inflation and a resilient economy suggests the Fed could cut rates several times.
- Here's what Wall Street expects the Fed to do next year with a key input for the US stock market and economy.
Interest rates have soared since the start of 2022, as the Federal Reserve sought to delicately tame inflation without derailing the economy by hiking rates.
Since its last interest rate hike in July, it seems the Fed has made solid progress in lowering inflation without hurting the labor market and broader economy. This has spurred many analysts on Wall Street to forecast significant interest rate cuts next year.