Fed Interest Rate Predictions 2024. The fed uses interest rate hikes as a means of slowing the economy to battle inflation, and it is likely to lower rates only when inflation is in check. Interest rates currently stand at 5.25% to 5.5%.

August 21, 2024 at 2:00 pm edt. Federal reserve will wait until september to cut its key interest rate, according to a majority of 100 economists polled.