Fed Interest Rates March 2024. Markets that predict movements in the federal funds rate think a march cut is a close call, reckoning there’s about a 46% chance. Is the fed going to lower interest rates in 2024?
The current federal funds rate as of october 17, 2024 is 4.83%. The board of governors of the federal reserve system voted unanimously to maintain the interest rate paid on reserve balances at 5.4 percent, effective march 21, 2024.