Will The Fed Raise Interest Rates In May 2024

Will The Fed Raise Interest Rates In May 2024. The federal reserve kept the fed funds target rate at 5.25% to 5.5%. The fed has kept its benchmark interest rate at a range of 5.25% to 5.5% since july.


Will The Fed Raise Interest Rates In May 2024

To get price increases back in line, the fed has raised rates to nearly 5 percent โ€” and they are expected to cross that threshold on wednesday. Federal reserve officials earlier this month coalesced around a desire to hold interest rates higher for longer and โ€œmanyโ€ questioned whether policy was restrictive enough to bring inflation.

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