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The Fed maintains rates at 5.25% and breaks the streak of ten consecutive increases

Date: March 4, 2024 Time: 00:13:24

The Federal Reserve (Fed) has decided this Wednesday to keep interest rates in the range of 5% to 5.25%, which it placed on May 3, thus breaking the streak of ten consecutive rate hikes. of interest . The central bank’s decision to pause is accompanied by a projection of two more possible rate hikes over the next few months.

As expected, the Fed makes a technical stop but threatens to raise the benchmark funding rate again given core inflation that remains well above the central bank’s 2% target. Specifically, the monetary authority’s forecast table still includes two possible rate hikes this year.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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