Fed Rate Cuts 2024 September 1. The median view of the fed members who set interest rate policy now sees another 50 basis points of cuts this year and another 100 basis points, or 1 percentage point,. The fed cut the federal funds rate on november 7 by 0.25%, targeting a range between 4.5% and 4.75%.
The latest consumer price report “checked the box” for the fed to start cutting rates in september, according to td securities’ strategists led by oscar munoz and gennadiy. Central bank’s federal open market committee (fomc).