Fed Rate Cuts 2024 Newsnow F1. 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. The fed is expected to cut its benchmark rate to a range of 4.25% to 4.5% at its december meeting.
How low will rates go in 2024? Federal reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace.