Will The Feds Lower Interest Rates In May 2024. Best current cd rates but the central bank also. A federal reserve official on thursday raised the possibility the central bank may not cut interest rates at all in 2024, deflating wall street's expectations that.
Lower interest rates would reduce borrowing costs for homes, cars and other major purchases and probably fuel higher stock prices, all of which could help. During its may meeting, the federal reserve unanimously voted to hold policy rates steady for the sixth consecutive time, leaving the federal funds target rate.