The Federal Reserve held interest rates steady Wednesday, but policymakers signaled they still expect to start cutting rates later this year.
U.S. Federal Reserve Board Chairman Jerome Powell speaks at a news conference at the headquarters of the Federal Reserve on December 13, 2023 in Washington, DC. The Federal Reserve announced today that interest rates will remain unchanged.U.S. Federal Reserve Board Chairman Jerome Powell speaks at a news conference at the headquarters of the Federal Reserve on December 13, 2023 in Washington, DC. The Federal Reserve announced today that interest rates will remain unchanged.
While inflation has cooled significantly over the last year, recent measures show prices are still climbing faster than the central bank would like. Since last summer, the Fed has kept interest rates at their highest level in more than two decades, in an effort to tamp down demand and bring prices under control.
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