Fed Rate Cuts 2024 Dates November. In 2024, for example, nine of the central bank’s 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo rate cut on wednesday. The fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years.

Graph and download economic data for fomc summary of economic projections for the fed funds rate, median (fedtarmd) from 2024 to 2026 about. 8, 2023, in washington, d.c.