Will The Fed Raise Interest Rates In May 2024. Jpmorgan chase ceo jamie dimon is warning that interest rates could go up quite a bit further as policymakers face the prospects of elevated inflation and slow. The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half.

Federal reserve officials earlier this month coalesced around a desire to hold interest rates higher for longer and “many” questioned whether policy was. During its may meeting, the federal reserve unanimously voted to hold policy rates steady for the sixth consecutive time, leaving the federal funds target rate unchanged at 5.25% to 5.5%.