Us Fed Rate Cuts 2024. Throughout all of 2023, the rate averaged 6.8% and peaked near 8%. From december 2008 to present, the chart reflects the midpoint of the federal reserve's target range.
A combination of strong data and donald trump’s return to the. Washington (ap) — federal reserve officials signaled wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on wall street, despite signs that inflation remained elevated at the start of the year.