Fed Interest Rates In 2024. Federal reserve (the fed), 2024 elections:. It influences other interest rates such as the prime rate, which is the rate banks charge their customers with higher credit ratings.
It influences other interest rates such as the prime rate, which is the rate banks charge their customers with higher credit ratings. The federal reserve left its key interest rate unchanged at between 5.25% and 5.5% โ the highest level in more than a decade โ as annual inflation rates continued to stall.