Fed Interest Rates March 2024. The central bank began raising rates in. There could be one or two more cuts in 2026, with the federal funds rate expected to settle somewhere between 2.88% and 3.12%.

During 2024 the fed has the typical schedule of eight meetings to determine interest rates. Federal reserve officials kept interest rates at 5.3 percent and projected they would lower borrowing costs in 2024 as the fed chair struck a watchful tone.