Fed Increase Interest Rate 2024

Fed Increase Interest Rate 2024. The federal reserve announced at its june 2024 federal open market committee (fomc) meeting that it would maintain the overnight federal funds rate at the current range of 5.25% to 5.5%. The first interest rate cut may come in september and up to three cuts are possible in 2024.


Fed Increase Interest Rate 2024

The federal funds rate is the central interest rate in the u.s. The federal reserve left its key interest rate unchanged at between 5.25% and 5.5% โ€” the highest level in more than a decade โ€” as annual inflation rates continued to stall.

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