Fed Meeting 2024. The federal reserve announced at its july federal open market committee (fomc) meeting that it will keep its benchmark interest rate unchanged at 5.25% to 5.5%. The federal reserve (fed) announced at its january 2024 meeting that it would maintain the overnight federal funds rate at the current range of 5.25% to 5.5%.
The fed raised its 2024 growth forecast for the core personal consumption expenditures (pce) price index, its preferred measure of inflation, from 2.6% to 2.8%. Interest rates are not expected to change at the u.s.