Fed Rate Hike History 2024 Chart. This visualization from our 2024 global forecast series uses data from the federal reserve to chart past interest rate cut cycles and visualizes forecasts by top. As expected, the federal open market committee (fomc) decided to keep the target range for the federal funds rate at 5.25 to 5.50 percent for the fifth consecutive.
Graph and download economic data for fomc summary of economic projections for the fed funds rate, central tendency, high (fedtarcth) from 2024. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other.