Fed Rate Cut 2024 Predictions November 2. Slow and shallow rate cuts would be more consistent with the economic “soft landing” that fed officials are trying to achieve than steep cuts that might benefit equity. The federal reserve approved its second consecutive interest rate cut thursday.

However, a larger 0.5% reduction is possible depending on reported economic data over the. The interest rate cut of 0.25% was expected, and it is likely to be supportive of equity prices.