TD Economics Key Financial Forecasts
  Current Rate 2023 2024 2025
  5/24/24 Q1 Q2 Q3 Q4 Q1 Q2F Q3F Q4F Q1F Q2F Q3F Q4F
Fed Funds Target Rate 5.50 5.00 5.25 5.50 5.50 5.50 5.50 5.50 5.25 5.00 4.50 4.00 3.50
2-yr Govt. Bond Yield 4.94 4.06 4.87 5.03 4.23 4.59 4.80 4.60 4.40 4.10 3.80 3.50 3.20
10-yr Govt. Bond Yield 4.47 3.48 3.81 4.59 3.88 4.20 4.45 4.45 4.20 4.00 3.80 3.65 3.45
30-yr Govt. Bond Yield 4.58 3.67 3.85 4.73 4.03 4.34 4.60 4.55 4.45 4.30 4.10 3.95 3.75
Forecast by TD Economics as of May 2024; all forecasts are end-of-period. Source: Bloomberg, Federal Reserve Board, TD Economics.