Fed Interest Rates 2024 Forecast Today. The federal reserve left its key interest rate unchanged at between 5.25% and 5.5% — the highest level in more than a decade — as annual inflation rates continued to stall. The august 2024 sofr futures have factored in the likelihood that the fed will cut interest rates by at least 25 basis points (bps) this month.
Federal reserve chair jerome powell will hold his regular press conference at 2:30 p.m. Federal reserve officials said wednesday that while there are signs the economy is slowing, the fed was not yet ready to cut its key interest rate.