Interest Rates 2024 Usa. The fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23. The fed's decision to keep rates steady means the cost of borrowing isn't likely to get cheaper anytime.

After today’s meeting, the federal reserve has two more opportunities to consider interest rate moves in 2024. The federal reserve will lower interest rates by 25 basis points at each of the u.s.