Fed Interest Rates 2024 Chart. The latest median projection for the upper limit of the appropriate target rate range at the end of 2024 is 5.25, up from 4.75 in march and back to where it was in. It influences other interest rates such as the prime.

Eleven rate hikes later, the fed funds. Here’s a look at how the 50 basis point interest rate cut will affect your payments, based on loan or credit type, according to bankrate: