Will The Fed Raise Interest Rates In May 2024. — the fed has kept its benchmark interest rate at a range of 5.25% to 5.5% since july. The question is when 2024 rate cuts might come, but that will likely depend on incoming.
That’s potentially due to inflation trending closer to the fed’s 2%. — 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.