The U.S. Federal Reserve on Wednesday kept its benchmark policy rate unchanged in the 5.25%-5.50% range for a seventh straight meeting. Read more here.
Only a rate cut of 25 basis points is expected in 2024. This is what emerges from the dot-plots, the tables attached to the monetary policy decision. In March, the Fed had expected three cuts.
As expected, the American Federal Reserve (Fed) maintained the “fed funds” rate target on Wednesday at 5.25%-5.50% for the seventh time in a row, a decision taken unanimously.