Fed Rate Cut Chances In 2024 Olympics. The federal reserve cut interest rates on wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are. According to the widely cited cme fedwatch tool just ahead of the release, there’s a roughly 15% probability the fed will initiate its first cut at its next meeting in.

Here’s what they had to say. Use cme fedwatch to track the.