Fed Holds Rates Steady, Chair Powell Press Conference #business

The Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them, though not necessarily right away. In a statement issued after their two-day meeting, Fed officials dropped their previous assertion that a rate hike was possible and instead adopted a more even-handed assessment of the future policy path. The decision to leave the target range for the benchmark federal funds rate unchanged at a 22-year-high of 5.25% to 5.5% was unanimous.

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https://www.bloomberg.com/news/articles/2024-01-31/fed-holds-rates-steady-and-inches-closer-to-cutting-in-future?srnd=premium

#business #politics #economy #bloomberg #markets #fed

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