Fed Rate Cut 2024 Predictions. Meanwhile, interest rate futures signal a 52% chance that the fed will cut interest rates to the 4.5% to 4.75% range in november, and a 45% chance that rates will come down to the 4.25% to 4.5% at the december meeting, according to cme group’s tool. Federal reserve raised interest rates in its fastest hiking cycle in nearly 50 years.
Federal reserve chair jerome powell said on wednesday interest rates could be cut as soon as september if the u.s. Instead, you’ll most likely need to wait until the fed’s june 12 meeting to see the first rate cut, according to economists polled by factset.