Fed Interest Rates 2024 Chart. As expected, the federal open market committee (fomc) decided to keep the target range for the federal funds rate at 5.25 to 5.50 percent for the fifth consecutive meeting, as it. This webpage updated on july 31, 2024.

Effective federal funds rate (i:effrnd) 5.33% for aug. The fed’s announcement, which was widely expected by investors, means the federal funds rate has been parked at that level since july 2023, when the central.