Fed Rate Cut 2024 Predictions November 2024 Schrikkeljaar. The federal reserve on thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation. Federal reserve will cut the federal funds rate by 25 basis points in both november and december, according to a strong majority of over.
Meanwhile, interest rate futures signal a 48% chance that the fed will cut interest rates to the 4.75% to 5% range in november, and a 45% chance that rates will come down to. The federal reserve on thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation.