Interest Rates 2024 Fed. June 12, 2024, 11:04 am pdt / updated june 12, 2024, 11:36 am pdt. The federal reserve said wednesday it was keeping its key interest rate unchanged as it.

It influences other interest rates such as the prime rate, which is the rate banks charge. The federal reserve open market committee is expected to cut interest rates at least once during its four remaining meetings of 2024.