Fed Interest Rates 2024 Chart Usa

Fed Interest Rates 2024 Chart Usa. As expected, the federal open market committee (fomc) decided to keep the target range for the federal funds rate at 5.25 to 5.50 percent for the fifth. It influences other interest rates such as the prime rate, which is the rate banks charge their customers with higher credit ratings.

The federal reserve will lower interest rates by 25 basis points at each of the u.s. The federal funds rate is the central interest rate in the u.s.