Will The Fed Raise Interest Rates In 2024. 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. President joe biden is celebrating the federal reserve’s decision to lower interest.
Biden says fed made ‘declaration of progress’ with interest rate cut. Federal reserve officials have watched inflation rise faster than expected for three straight months, leading some investors and economists to start whispering about a rising downside risk: