Fed Interest Rate Cuts 2024 Predictions. Yet two rate cuts are viewed as most likely, according to this implicit forecast of fixed. The fed cut the federal funds rate on november 7 by 0.25%, targeting a range between 4.5% and 4.75%.
The interest rate cut of 0.25% was expected, and it is likely to be. A “vast majority” of the federal open market committee, which votes on interest rate policy changes, backs rate cuts at the panel’s september meeting should.