Will The Fed Raise Interest Rates In May 2024

Will The Fed Raise Interest Rates In May 2024. The fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation. 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.

The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half. Did the fed raise interest rates in july 2024?