When Is The First Rate Cut Expected In 2024. The australian financial review ’s survey of 42 economists suggests the reserve bank will cut interest rates in august 2024, according to the median. The federal reserve announced wednesday that it will leave interest rates unchanged.

Posted tue 6 aug 2024 at 4:53am tuesday 6 aug 2024 at 4:53am tue 6 aug 2024. Financial markets have expected the first cut in march and five further reductions in 2024, while the fomc’s economic projections from december suggested.