Friday 8 March 2024

Interest Rates for 2024

 The 2024 Global Forecast Report by the Visual Capitalist Team has projected the following interest rate scenario for 2024:


Although the Fed Funds rate may drop to 4.6% or below, it is not a significant fall but sets the stage for further cuts in 2025 and 2026. That will be helpful for Malaysia’s exchange rate. Hopefully, it will strengthen to RM4.40 (or better) to the dollar.



Although most institutions are expecting rate cut by June 2024, it could be earlier in March. The likelihood of a 100 basis point cut will mean Fed Funds rate will be 4-4.25% by end 2024.

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