Meris Steffie

Fed Interest Rates 2024 News. Fed keeps rates steady, hints at future cuts. The federal funds target rate has remained at 5.25% to 5.5% since last summer, following 11 increases that began in march 2022.

The federal funds target rate has remained at 5.25% to 5.5% since last summer, following 11 increases that began in march 2022. The federal reserve left interest rates unchanged wednesday but adjusted its projections to include three cuts to interest rates next year from the current.