The Fed will cut interest rates by another 50 basis points this year. The median of the Fed's dot plot shows that the Fed will cut interest rates by a total of 100 basis points in 2024. After the 50 basis point cut in September, there is another 50 basis point cut expected. The Fed is expected to cut interest rates by another 100 basis points in 2025, the same as the rate cut expected in the June dot plot.