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Fed Holds Rates Steady, Forecasts Series of Cuts in 2024
Posted
December 13, 2023
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72,108
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December 13, 2023
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2:19Now PlayingFed officials decided unanimously to leave the target range for the benchmark federal funds rate at 5.25% to 5.5%, the highest since 2001. Policymakers expect to lower rates by 75 basis points next year, a sharper pace of cuts than indicated in September's projections. Mike McKee reports.
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