Will Feds Raise Interest Rates In 2024. The federal reserve held its key interest rate steady wednesday for the fifth consecutive meeting, as the central bank awaits more data to determine when to cut. Fed officials wouldn’t be inclined to wait for inflation to officially hit 2 percent.

Economy in the first quarter of 2024 grew slower than expected. The federal open market committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, amid signs that.