Fed Rate Cut 2024 Predictions November. The fed is expected to cut its benchmark rate to a range of 4.25% to 4.5% at its december meeting. A top federal reserve official said monday that he is leaning toward supporting an interest rate cut when the fed meets in two weeks but that evidence of persistent inflation.

More rate cuts are expected in 2025, though how many is up in the air because of the potential impacts of trump’s proposed policies, such as tax cuts, deregulation, stiff across. The federal reserve on thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation.