Fed holds rates steady, upgrades assessment of economic growth
Publishing timestamp: 2023-11-01 16:44:57
Summary
The Federal Reserve's rate-setting group has decided to hold the key federal funds rate in the target range of 5.25%-5.5%. This is the second consecutive meeting where no rate hike was implemented. The decision reflects an upgrade to the committee's assessment of the economy. The statement also mentions that the committee is still determining the extent of additional policy firming that may be needed. The article discusses the current state of the economy, inflation, and the potential impact of interest rates on economic growth.
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Keywords: jerome powell, economic events, dow jones industrial average, breaking news: markets, economy, breaking news, inflation, personnel, prices, breaking news: economy, central banking, business news, interest rates, federal reserve bank, markets,
Source: https://www.cnbc.com/2023/11/01/fed-meeting-november-2023-.html