Will the Fed Lower Rates, ever??? June 14, 2024

At the Fed meeting this week eight members expect there to be two rate cuts of 25 basis points before the end of the year.  There were seven members that only expect one rate cut.  There were four members that expect zero rate cuts.  So the average consensus is one rate cut of 25 basis points before year end 2024.  But that is obviously not unanimous.  But remember, the forecasts are rarely correct.  Back on 12/13/23 and 3/20/24, the expectation was a total of three cuts during 2024.  That definitely is not happening.