Fed Rate Cuts 2024 Predictions Reddit. The federal reserve made a significant move on wednesday, cutting its benchmark interest rate by 50 basis points to a range of 4.75% to 5%. Data since the fed last met has confirmed policymakers' broadly shared baseline that their overnight interest rate will fall this year, with fed chair jerome powell telling u.s.
November 2, 2024 at 1:00 pm pdt. In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing.