Will The Fed Raise Interest Rates In May 2024. Investors may need to raise their duration (and risk) to keep yield in the same ballpark as it has been for the past two or so years, advisors said. The federal reserve left its key interest rate unchanged at between 5.25% and 5.5% โ the highest level in more than a decade โ as annual inflation rates continued to stall.
The federal reserve hit pause on interest rate hikes during its last three meetings. Fed officials signaled in their last set of economic projections that they might stop raising interest rates once they reached a range of 5 percent to 5.25 percent, the level they are.