Fed holds rates steady, indicates three cuts coming in 2024

Fed holds key interest rate at 22-year high, hints at cuts in 2024

The U.S. Federal Reserve kept its benchmark interest rate on hold at a 22-year high of 5.25-5.50 percent for the third consecutive time, but officials suggested that reductions of borrowing costs may be coming next year amid signs of cooling inflation.

US Fed holds key rate steady, signals 3 cuts likely in 2024

Policymakers at the U.S. Federal Reserve voted Wednesday to hold interest rates at a 22-year high for the third straight meeting and signaled they expect to make three rate cuts next year.

Fed signals it could cut interest rates 3 times in 2024

The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and Chairman Jerome Powell said inflation has cooled.

US Fed holds rate steady and signals three cuts ahead

The US Federal Reserve voted Wednesday to hold interest rates at a 22-year high for the third straight meeting and signaled it expects to make three cuts next year.

US Fed holds key lending rate steady, signals cuts in 2024

The US Federal Reserve voted to keep interest rates at a 22-year high for a third straight meeting. The Fed's decision allows policymakers to determine the extent of any additional policy firming. The inclusion of the word 'any' dampens expectations of another interest rate hike. The decision keeps rates high as the Fed fights inflation towards a long-term target of two percent. The Fed also published updated economic forecasts, upgrading its gr…

Fed holds interest rates steady for third straight meeting

The Federal Reserve held interest rates steady for the third consecutive meeting — and offered up a sliver of hope for three quarter-point cuts next year. As December’s two-day policy meeting wrapped up on Wednesday, central bankers decided to keep the benchmark federal funds rate between 5.25% and 5.5% — a 22-year high first reached...