Final Fed Rate Cut and Basis Points Market Update for 2024

Final Fed Rate Cut and Basis Points Market Update for 2024

Updated: May 15   As widely anticipated, the Federal Reserve cut interest rates by 25 bps on Wednesday, lowering the Fed Funds target range to 4.25 – 4.50%. The projections released for 2025 indicate only two additional rate cuts in 2025. This is lower than the projections released in September which