Fed leaves rates unchanged, acknowledges strong economy
© Reuters. Federal Reserve Board Chairman Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. REUTERS/KevNEW YORK - The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs in a policy statement that acknowledged the U.S.
"Nevertheless, there are risks in both directions. The rise inflation expectations, owing to higher gas prices, combined with strong economic activity, preserves the prospect of another rate hike. “On net these developments aren't likely to shift policy perceptions much and can be interpreted as a status quo outcome. The Fed's pause continues, but it continues to have a hawkish bias and is leaving further hikes on the table.
“The key is that the data is still strong and the Fed probably is not going to be in a position to actually signal that they're done until that data actually gets them to a point where they can feel comfortable with that. “Of course, they’re going to stay data dependent. If inflation reverses, obviously they’re not done.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed meeting live updates: Fed expected to leave rates the same for a second consecutive timeFed funds futures pricing suggests a 99% likelihood that the central bank will hold steady on policy, keeping its target rate range at 5.25% to 5.5%.
Read more »
Fed meeting live updates: Fed expected to leave rates the same for a second consecutive timeFed funds futures pricing suggests a 99% likelihood that the central bank will hold steady on policy, keeping its target rate range at 5.25% to 5.5%.
Read more »
Fed buzz: words to watch for as the Fed sets ratesFed buzz: words to watch for as the Fed sets rates
Read more »
Fed expected to leave interest rates unchanged despite stubborn inflationA surging economy has complicated the Fed's fight to cool price increases.
Read more »
Fed expected to leave interest rates unchanged despite stubborn inflationA surging economy has complicated the Fed's fight to cool price increases.
Read more »