Fed Interest Rate Announcement 2024. The personal consumption expenditures index climbed 2.5 percent, still more than the fed’s 2 percent target, as price increases take time to come down. The fed on wednesday said it is maintaining the federal funds rate in a range of 5.25% to 5.5%.
The federal open market committee (fomc) announced on january 31, 2024, that it would maintain its policy rate in a range of 5.25% to 5.5%. 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.