Will The Fed Raise Interest Rates In May 2024

Will The Fed Raise Interest Rates In May 2024. Interest rates are expected to move lower in 2024, according to the cme’s fedwatch tool, which measures the implied expectations of interest rate futures. Overall, the current expectation is that the fomc will start to cut interest rates in 2024.

It influences other interest rates such as the prime rate, which is the rate banks charge. Federal reserve officials left interest rates unchanged and signaled that they are wary about how stubborn inflation is proving, paving the way for a longer period of.