Fed Rate Cut 2024 Predictions November 2024 Elections

Fed Rate Cut 2024 Predictions November 2024 Elections. Financial markets are pricing in a 97% chance the federal reserve will cut the fed funds rate by a quarter percentage point to a range of 4.25% to 4.5% according to the cme. Federal reserve officials cut interest rates on thursday, their second reduction of 2024 and the latest sign that policymakers believe that inflation is finally coming under control.

7, according to all 111 economists in a reuters poll, with more than a 90% majority predicting. That would mark the fed’s third consecutive rate cut this year, which kicked off with a jumbo 0.5 percentage point reduction in september, followed by a 0.25 percentage point cut at its november.