Feds Raise Interest Rates 2024 . September 18, 2024 at 3:11 pm edt. The federal reserve began raising interest rates in march 2022 in an effort to curb surging inflation.
The fomc is scheduled to meet eight times in 2024 and expected to ultimately cut interest rates โ but in a measured way and with action weighted toward. Credit card interest rates skyrocketed from 12.9% in 2013 to 22.8% in 2023,.
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