Fed Interest Rates 2024 Forecast July. It influences other interest rates such as the prime rate, which is the rate banks charge. The median projection among fed members as to where interest rates will be at the end of 2024 fell to 4.6% on wednesday from 5.1% in september.
The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected. Washington— the federal reserve kept its key interest rate unchanged again wednesday and scaled back its forecast from three rate cuts to just one this year.