Fed rate is "always" given as a range. For example, it was 5.25-5.5% before today's cut. According to dot plot, most of Fed members projecting Fed rate to be around 4.25 to 4.5% by end of 2024, representing 100 bps cut from today till end of this year
It is all in dot plot from Fed's annoucement
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• I watched the press conference -aloevera- ♀ (155 bytes) () 09/18/2024 postreply 21:00:05