Fed Rate Cuts 2024 Predictions 2024 Chevy. The interest rate cut of 0.25% was expected, and it is likely to be. 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 last released.

The fed cut the federal funds rate on november 7 by 0.25%, targeting a range between 4.5% and 4.75%. About a third of the 101 economists polled by reuters earlier this month agreed, saying they think there will be two cuts before the end of 2024.