Next Fed Rate Meeting 2024 Date. The rate influences borrowing costs for mortgages, credit. 5.50% federal open market committee (fomc) members vote on where to set the.
The cme’s fedwatch tool forecasts that the federal funds rate will most likely end 2024 at 4.25% to 4.5%. After a historic run of higher interest rates, the federal reserve signaled in its july meeting that it is leaving the door open to start cutting rates.