Fed Rate Cuts 2024 Predictions Today. Friday's jobs report virtually cements that the federal reserve will approve an interest rate cut when it meets later this month. Traders after the jobs data put the probability of a rate cut at the fed's dec.
The federal open market committee is most likely to cut interest rates again on december 18 to 4.25% to 4.5%, according to fixed income markets. Federal reserve chair jerome powell said wednesday that the us economy’s strength means the central bank can show some restraint with cutting interest rates.