Fed Rate Cut 2024 Predictions November 2023. The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their. 7, but discussions are already very active about how much the fed should cut — 25 or 50 basis points.

The federal reserve cut interest rates by a quarter point thursday on the heels of the us presidential election earlier this week. The fed cut the federal funds rate on november 7 by 0.25%, targeting a range between 4.5% and 4.75%.