Fed Rates 2024 Vs T3. Today, the fed funds target rate. The top marginal income tax rate of 37.
The fed hiked interest rates a total of 11 times between march 2022 and january 2024, making borrowing more expensive for banks, businesses, and people in an attempt to. The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at federal reserve banks) with each other overnight.