Will Feds Raise Interest Rates In 2024. The fed's decision to keep rates steady means the cost of borrowing isn't likely to get cheaper anytime soon. The fed has stated so far that it expects to maintain rates at high levels for 2024.

The fed raised interest rates aggressively in 2022 and 2023, and has kept its benchmark rate at the highest level in more than two decades. The federal reserve is still expected to cut interest rates between one and three times in 2024.