Fed Interest Rates 2024 2024. Earlier this week, the fed announced it was leaving the current federal funds rate, which helps set interest rates for loans throughout the economy, unchanged at. It influences other interest rates such as the prime rate, which is the rate banks charge.

The federal reserve said wednesday it was keeping its key interest rate unchanged as it fights elevated inflation rates that have been pinching u.s. Fed interest rate cuts could begin in early 2024, according to some experts.