Will The Fed Raise Interest Rates In 2024. The federal reserve began raising interest rates in march 2022 in an effort to curb surging inflation. Eleven rate hikes later, the fed funds target range is now between 5.25% and 5.5%,.

The federal reserve held rates steady and described an uncertain path toward rate cuts in 2024. The fed’s decision to keep rates steady means the cost of borrowing isn’t likely to get cheaper anytime soon.