Probability Of Fed Rate Cut In March 2024. The average interest rate on a new credit card now at 24.84%, the highest since lendingtree started tracking rates in 2019. If the fed cuts rates by a quarter.

The cme fedwatch tool forecasts the probability of a rate hike (or rate cut) at upcoming fomc meetings, allowing market participants to gauge the likelihood of changes in. The probability that the us federal reserve will start cutting its interest rate by at least 25 bps in march 2024 leapt to 63.4% compared to only 21% in the prior week.