On December 13, the Federal Reserve Board voted to keep the federal funds rate in the range of 5.25% and 5.5%, a 22-year high. The Fed’s post meeting statement was adjusted to reflect slowing economic activity and easing inflation. At a press conference, Federal Reserve Chair Jerome Powell emphasized that the decision of future rate cuts or raises is dependent on the continued progress of inflation.
Federal Reserve Keeps Interest Rates Steady, Signals Possible Cuts in 2024
Published on December 15, 2023
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