Fed keeps key policy rate unchanged at 5.25%-5.50%, as widely expected

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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.

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Fed keeps key policy rate unchanged at 5.25%-5.50%, as widely expected

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.

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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.