What Will Rates Do in 2024? What will the interest rate environment look like in 2024? If the summary of economic projections is any indicator, not even the group setting the rate knows. The Federal Reserve’s Board of Governors and the Reserve Bank presidents submit their economic projections every quarter, in conjunction with the Federal Open Market Committee’s March, June, September and December meetings. These include their estimates about the direction of inflation, growth in gross domestic product, the unemployment rate and, of course, the target federal funds rate. The Fed releases an aggregated, anonymized version of these projections after…

Federal Student Loan 
Payments Resume In October, the pandemic-related forbearance applied to most federal student loans will expire after three years and payments will restart — or start, for newer graduates. This will impact millions of borrowers. The timing and size of payment means some borrowers could face a rapid shift in their financial situation, with some potentially struggling to afford their payments. Student loans totaled $1.77 trillion in the second quarter, according to the Federal Reserve Board’s consumer credit survey. The payment pause impacted nearly 37 million borrowers as of spring 2022, according to the Federal Reserve Bank of…