Current Fed Rate 2024. The average interest rate on a new credit card now at 24.84%, the highest since lendingtree started tracking rates in 2019. Jul 30, 2024, 2:30 am pdt.


Current Fed Rate 2024

Fed officials are not fully convinced the current downward trend in inflation will stick, so they want more evidence. For the past year, the fed has held that rate at approximately 5.5%.

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