Probability Of Fed Rate Cut In 2024. The federal reserve announced at its june 2024 federal open market committee (fomc) meeting that it would maintain the overnight federal funds rate at the current range of 5.25% to 5.5%. Use cme fedwatch to track the.

That contrasts with a median forecast of 4.5% from the fed and expectations in. The federal reserve announced at its june 2024 federal open market committee (fomc) meeting that it would maintain the overnight federal funds rate at the current range of 5.25% to 5.5%.