Fed Rate Cuts 2024 November 2022. On november 7, the federal open market committee is expected to again lower interest rates after an initial cut on september 18. From december 2008 to present, the chart reflects the midpoint of the federal reserve's target range.

The interest rate cut of 0.25% was expected, and it is likely to be. But the fed paused rate cuts between april 2008 and october 2008, as the global financial crisis deepened.