Fed Rate Cut 2024 Predictions November 2024. In fact, gross domestic product (gdp) increased at an annualized rate of 2.8% in the third quarter of 2024 (ended sept. 11 will be the deciding factor, said keith.

The federal reserve on thursday announced its second interest rate cut of 2024, trimming its benchmark rate by 0.25 percentage points amid cooling inflation. Then the fed held rates steady from august 2023 to september 2024.