Expected Fed Rate Cuts 2024 Forecast. The fed cut the federal funds rate on november 7 by 0.25%, targeting a range between 4.5% and 4.75%. The federal open market committee chose to lower its key overnight.

The federal open market committee chose to lower its key overnight. Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in june, when they.