Fed Rates Today May 2024. Since march 2022, the central bank has hiked the federal funds rate 11 times from near. The federal reserve left interest rates unchanged at the highest level in decades this afternoon at the conclusion of its third policy meeting of 2024 concludes.

If you think rates between 6% and 8% today are scary, consider september through november of 1981, which saw the average rate hovering between 18% and 19%, according to fred. But where will they head from here?