The Federal Reserve cut interest rates as expected at its December 2024 meeting, but its own projections for cuts in 2025 were reduced for the end of the year (WGBH, Investopedia). The question will be suspended on 17 June 2025 if still open and the outcome determined using statements released by the Federal Reserve (Federal Reserve). As of the launch of this question, the Federal Reserve has four Federal Open Market Committee meetings scheduled between launch and 18 June 2025. As of 23 December 2024, the upper limit was 4.50% (FRED).

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