Fed Rate Hike Calendar 2025. The federal reserve roiled markets by raising its inflation outlook and signaling fewer rate cuts next year — and global central banks were likely taking note. Most expect the federal open market committee to cut interest rates in 2025.

The dot plot indicates the governors’ expectations for 50 basis points of rate cuts in 2025, which would bring the fed fund rate to a range of 3.75% to 4%. The chance that the fed will issue another rate hike in 2025 is probably around 40%, according to torsten sløk, chief economist at apollo global management.