Will Interest Rates Go Down In 2024 Usa . “by the spring of 2024…rates will hopefully be in the 6% range.” the fed paused its rate hikes in september and extended the pause just over a month later. It last raised the federal funds rate in july.
The federal reserve wednesday announced its fifth rate hold in a row, after hikes in 2022 and 2023. That peak level was set when the fomc last raised interest rates in july 2023.
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