Expected Fed Rate Cuts 2024 Usa. We expect the fed to begin using its power to. The federal funds rate — which is the benchmark interest rate figure that the fed makes decisions about at its fomc meeting — determines the rate at which banks lend money.
Investors trim odds for a december cut; The fed cut the federal funds rate on november 7 by 0.25%, targeting a range between 4.5% and 4.75%.