Fed Interest Rate Decision 2024 Prediction. On november 7, the federal open market committee is expected to again lower interest rates after an initial cut on september 18. The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected appropriate target.
The federal open market committee (fomc) announced on january 31, 2024, that it would maintain its policy rate in a range of 5.25% to 5.5%. Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year โ much lower than the 5.1 percent they had been expecting in june, when they.