Fed Rate Cuts 2024 November 2024. Mlb nfl ap top 25. Fed officials also penciled in more rate cuts by year’s end in their latest economic forecasts, compared to the single cut in 2024 that they projected in june.
18, 2024, the fed announced that it was cutting the federal funds rate by 50 basis points, or half a percentage point. That lowers the target rate to between 4.75% and 5.0%.