Fed Rate Cut 2024 Predictions November 1. Markets expect the federal open market committee to cut interest rates again by 0.25% on november 7. The fed cut the federal funds rate on november 7 by 0.25%, targeting a range between 4.5% and 4.75%.

The fed’s move comes just days after america elected donald j. Bond futures markets overwhelmingly expect the fed to proceed with a 0.25% rate cut, according to the cme fedwatch tool.