Next Fed Meeting July 2024. Why does the fed raise interest rates? The fed has kept this rate elevated for all of 2024, and it's a big factor in why mortgage rates — and rates on other financial products — have stayed high as well.
Closed meeting details friday, june 14, 2024 According to the cme fedwatch tool, there’s over a 90% chance that the fed will keep rates the same at its july meeting.