The Fed Holds Interest Rates Steady But Hints At One More The federal reserve holds interest rates steady but hints at more action this year. fed chair jerome powell speaks during a news conference at the federal reserve in washington, d.c., on july 26. Why it matters: inflation has receded alongside signs that high borrowing costs are taking a toll on the labor market—raising expectations that the fed will lower rates soon. in a unanimous decision, the fed kept its policy rate in a range of 5.25% and 5.5%, where rates have remained since last july. what they're saying: "the broad sense of.
U S Fed Holds Benchmark Interest Rate Steady вђ But Hints Anothe Updated at 3:24 pm edt. the federal reserve kept its benchmark lending rate unchanged at a two decade high, but suggested at least one more increase is likely between now and the end of the year. Members of the federal open market committee, the central bank's rate setting panel, said in a policy statement on wednesday they will hold the federal funds rate in a range of 5.25% to 5.5%. The federal reserve held interest rates steady on wednesday but signaled that rates could fall in the coming months if inflation continues to cool. policy makers have kept their benchmark interest. Updated wed, jan 31, 2024, 2:08 pm 10 min read. washington – the federal reserve held its key interest rat e steady wednesday and opened the door to rate cuts but signaled that a march move is.
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