Interest Rates 2024 Usa 2024. Interest rate in the united states averaged 5.42 percent from 1971 until 2024, reaching an all time high of 20.00 percent in march of 1980 and a record low of 0.25 percent in december of 2008. Fomc projections materials, accessible version accessible version.


Interest Rates 2024 Usa 2024

In contrast, during periods of recession, if the prime lending rate was 3.50%, the interest rate of your credit card may only be 13.50% (3.50% + 10%). In 2022, the federal reserve hiked interest rates by 400 basis points in one of the fastest rate increases in decades.

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