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Market
Will the Federal Reserve cut interest rates again by the end of December 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Federal Reserve announcements and press releases
Story
Federal Reserve Cuts Interest Rates by Quarter Point to 4.5%-4.75% as Inflation Cools
Nov 7, 2024, 07:18 PM
The Federal Reserve on Thursday cut its key interest rate by a quarter percentage point to a target range of 4.5% to 4.75%, marking the second consecutive reduction this year in response to a steady slowdown of inflation pressures. The rate cut reflects cooling inflation and signs of a weakening labor market.
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