Fed Interest Rates 2024 March. The fed's decision to keep rates steady means the cost of borrowing isn't likely to get cheaper anytime soon. Bankers are predicting three rate cuts later this year.
The board of governors of the federal reserve system voted unanimously to maintain the interest rate paid on reserve balances at 5.4 percent, effective march 21, 2024. While the fed funds rate has likely reached its peak for this tightening cycle, questions remain about the precise timing and.
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