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Federal Reserve interest rate decision: No change

Federal Reserve interest rate decision: No change
Prior Fed funds rate was 5.25-5.50%Recent indicators suggest that economic activity expanded at a strong pace in the third quarter vs prior statement that said economy was 'solid'Repeats that inflation remains elevated.Repeats " the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time"Repeats "The Committee remains highly attentive to inflation risks"The market was pricing in a 25% chance of a hike at the December meeting before the statement was... Read More
Posted: Nov 1 2023, 18:00
Author Name: forexlive
Views: 091946

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