Us Prime Rate 2024 Prediction. “these policy decisions will see the repo rate at 7.75% and the prime rate at 11.25% by the end of. The federal reserve announced at its june 2024 federal open market committee (fomc) meeting that it would maintain the overnight federal funds rate at the current range of 5.25% to 5.5%.
According to the fedwatch tool on the cme group platform, as of thursday, may 2, 2024, futures tied to the effective federal funds rate (effr) signal an. That’s the highest it’s been in 23 years and.