Published 2 months ago

Fed declines to hike, but points to rates staying higher for longer

The Federal Reserve has decided to maintain steady interest rates, signaling a cautious approach to monetary policy.
The Fed expects to make one more rate increase this year followed by two cuts in 2024, reflecting a mixed progress towards the 2% inflation target and concerns about economic growth.
Despite anxiety over the economy, recent data shows solid job gains, resilient consumer spending, and record-low inflation expectations, suggesting the central bank may achieve a soft landing.

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Times of India

US Federal Reserve leaves key interest rate unchanged, sees hike by year-end

The Federal Reserve has decided to keep its primary interest rate unchanged at 5.25%-5.5% in an effort to achieve a "gentle landing" for the US economy. The central bank aims to cool down inflation without causing a severe recession. The Federal Reserve has been implementing a series of interest rate hikes since March 2022 to slow down the economy and rein in inflation. While progress has been made, certain service costs are still increasing at …

2 months ago·India

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BBC News

Fed holds interest rates steady

The US central bank signals it could raise its key interest rate again this year

2 months ago·United Kingdom

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News18 India

US Fed Keeps Interest Rates Unchanged At 5.25-5.5%; Will It Hike In Future? Read Full Statement

US Fed Interest Rate Decision: Will It Impact Indian Market? Experts say the Indian market's reaction on Thursday will be driven by the US Fed's commentary rather than the rate decision

2 months ago·India

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The Guardian

US interest rate will remain unchanged at 22-year high, Federal Reserve says

Federal funds rate will remain at the the same level as the central bank announced in July, when it last raised rates

2 months ago·London, United Kingdom

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Reuters

Fed policymakers see 5.1% policy rate at end of 2024

U.S. central bankers expect that after a final interest-rate hike this year, to 5.6%, they will end next year with short-term borrowing costs at 5.1%, reflecting fewer interest rates cuts than they anticipated three months ago.

2 months ago·United Kingdom

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NDTV

US Federal Reserve Holds Interest Rates At 22-Year High

The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high, while forecasting an additional rate hike before the end of the year to bring down inflation.

2 months ago·New Delhi, India

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