FOMC Stays on Hold But Projects One More 2023 Funds Rate Hike
– Powell Says FOMC Prepared to Go Higher But Will ‘Proceed Carefully’ – Fed Officials Project Fewer Rate Cuts in 2024 Than Previously By Steven K. Beckner (MaceNews) – The Federal Reserve left short-term interest rates unchanged Wednesday but indicated that at least one additional rate hike is probable before the year is out. After […]
TRANSCRIPT: Fed’s Powell Answers Questions After FOMC Holds Rates Steady
WASHINGTON (MaceNews) – The following is a transcript of Federal Reserve Chair Jerome Powell’s news conference Wednesday following the meeting of the Federal Open Market Committee: >> Good afternoon, everyone. My colleagues and I remain squarely focused on our dual mandate to promote maximum. Good afternoon, everyone. My colleagues and I remain squarely focused on […]
FOMC Holds Steady as Expected; Hints at Higher for Longer
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday issues a policy statement that contained no surprises, maintaining the federal funds rate at 5.25% to 5.5%. The central bank accompanied its statement with updated economic and fed funds rate projections that continue to see the inflation not regressing to the targeted 2% until 2026, meanwhile […]