Fed Rates Today May 2024. The federal reserve left interest rates unchanged at the highest level in decades this afternoon at the conclusion of its third policy meeting of 2024 concludes. The federal reserve held interest rates steady wednesday, but policymakers signaled they still expect to start cutting rates later this year.
The federal reserve announced at its may 2024 federal open market committee (fomc) meeting that it would maintain the overnight federal funds rate at the. The federal reserve left its key interest rate unchanged at between 5.25% and 5.5% — the highest level in more than a decade — as annual inflation rates.