Fed Rate 2024 Forecast. The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected. 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%.
Federal reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024, one more reduction than. 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%.