In making its monetary policy decisions, the fomc considers a wealth of economic data, such as: The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half.
The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons: Fed officials expected to cut rates only once in 2024 but now the market is betting on 3 cuts this year.