Fed Interest Rate Cut 2024 Forecast. The fed cut the federal funds rate on november 7 by 0.25%, targeting a range between 4.5% and 4.75%. At the september 2024 federal open market committee (fomc) meeting, the federal reserve (fed) lowered interest rates by 50 basis points, easing monetary policy for the first time in four.
Federal reserve will likely start interest rate cuts in september. The federal open market committee chose to lower its key overnight.