Fed Rate Cuts 2024 Predictions 2024 Tacoma. The fed cut the federal funds rate on november 7 by 0.25%, targeting a range between 4.5% and 4.75%. The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected appropriate target level for the federal funds rate at the end of the specified calendar year or over the longer run.
Yet two rate cuts are viewed as most likely, according to this implicit forecast of fixed. The first interest rate cut may come in september and up to three cuts are possible in 2024.