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US Fed Policy: No change in interest rates, indication of cut next year
US Fed Policy: Last Wednesday, the Federal Reserve decided not to make any changes in the main interest rate. This is the third consecutive time that the interest rate has been kept stable by the Fed. The Fed issued its statement after the meeting of its 19-member policy committee yesterday. The Fed said in its statement that inflation has decreased last year.
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“US Fed Policy: No change in interest rates, indication of cut next year”
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en.sangritimes.com
14 Dec 2023
The Federal Reserve decided not to make any changes in the main interest rate. This is the third consecutive time that the interest rate has been kept stable by the Fed.
The Fed issued its statement after the meeting of its 19-member policy committee yesterday. The Fed said in its statement that inflation decreased last year but it remains high.
The Fed has kept its benchmark rate at around 5.4%. Let us tell you, this is its record level in 22 years. Due to this interest rate, the cost of auto loans and many other loans has increased a lot.
