Fed Rate Cuts 2024 November 9. Followed by a 0.25 percentage point cut at its november meeting. Federal reserve will cut the federal funds rate by 25 basis points in both november and december, according to a strong majority of over 100 economists in a snap.

Federal reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace. The november 7 meeting is the first fed rate decision since the nov.