What Is The Federal Reserve And How Do Interest Rates Affect Me Abc News Updated on: may 1, 2024 4:24 pm edt cbs news. federal reserve officials said they are leaving their benchmark rate untouched, noting that progress in taming u.s. inflation has stalled. the fed. Why the federal reserve is holding interest rates steady 11:02. said wednesday in a policy statement that they will hold the federal funds rate in a range of 5.25% to 5.5%, marking the fourth.
Federal Reserve Holds Interest Rates Steady Cbs News But undergraduate students who took out direct federal student loans for the 2023 24 academic year are paying 5.50%, up from 4.99% in 2022 23 — and the interest rate on federal direct. The federal funds target rate has remained at 5.25% to 5.5% since last summer, following 11 increases that began in march 2022. the rate sets a benchmark for other interest rates throughout the. The federal reserve held interest rates steady on wednesday, but policymakers signaled they still expect to start cutting rates later this year. updated forecasts from members of the fed's rate. The fed on wednesday said it is maintaining the federal funds rate in a range of 5.25% to 5.5%. still, most members of the federal open market committee are still projecting three rate cuts later.
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