Fed Rates 2024. Interest rates are expected to move lower in 2024, according to the cme’s fedwatch tool, which measures the implied expectations of interest rate futures. Today, the fed funds target rate is 5.25% to 5.5%.
The current federal funds rate as of july 16, 2024 is 5.33%. June 12, 2024 / 4:24 pm edt / cbs news.