Next Fed Meeting On Interest Rates 2024 Sept. Fed funds futures trading suggests a 55% likelihood that central bank officials will dial back rates by 50 basis points, according to the cme fedwatch tool. Financial experts expect that the federal reserve will cut the federal funds rate in september, the first rate cut of 2024.
Additionally, the fed’s latest summary of economic projections (sep) showed the majority of fed officials expect the central bank to cut interest rates by 100 basis. Today, the fed funds target rate is 5.25% to 5.5%.