# Fed sees three rate cuts in 2024 but a more shallow easing path

> The Federal Reserve left its benchmark rate at 5.25%-5.50% and kept its projection of three rate cuts in 2024. Powell said the timing of the cuts still depends on officials gaining confidence that inflation is moving sustainably lower.

- Date: 2024-04-01 · published 2024-04-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/31391-fed-sees-three-rate-cuts-in-2024-but-a-more-shallow-easing-path
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A slower, shallower easing path tends to keep the dollar firm and borrowing costs high, which can restrain commodity demand and speculative positioning. Feed buyers should watch how the rate outlook shapes the dollar.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-09-18 | [Fed gets more divided as three members vote against rate cut](https://feedsoft.ai/events/56975-fed-gets-more-divided-as-three-members-vote-against-rate-cut.md) | +0.2% | -0.3% |
| DXY | 2025-06-18 | [Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees 'meaningful' inflation ahead](https://feedsoft.ai/events/24108-fed-keeps-rates-steady-but-pencils-in-two-cuts-by-end-of-2025-powell-sees.md) | -0.1% | +0.1% |
| DXY | 2018-01-04 | [Fed’s pre-set course is a bore for the $ but music to the ears of EM FX - ING — Octa](https://feedsoft.ai/events/67172-fed-s-pre-set-course-is-a-bore-for-the-but-music-to-the-ears-of-em-fx-ing-octa.md) | -0.0% | -2.9% |
| DXY | 2019-09-18 | [A divided Fed reduces rates but may not cut again this year \| AP News](https://feedsoft.ai/events/56970-a-divided-fed-reduces-rates-but-may-not-cut-again-this-year-ap-news.md) | +0.2% | -0.3% |
| DXY | 2026-01-30 | [US Dollar Weekly Forecast: The Fed is seen reducing rates twice in 2026](https://feedsoft.ai/events/21241-us-dollar-weekly-forecast-the-fed-is-seen-reducing-rates-twice-in-2026.md) | +0.9% | +0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/feds-rate-cut-confidence-likely-shaken-not-yet-broken-by-inflation-2024-03-20/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.