Fed Holds Rates Steady, Chair Powell Press Conference #business
January 31, 2024
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2:06:50Now PlayingFed Holds Rates Steady, Chair Powell Press Conference #business
YouTube Description
as posted by the channelThe Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them, though not necessarily right away. In a statement issued after their two-day meeting, Fed officials dropped their previous assertion that a rate hike was possible and instead adopted a more even-handed assessment of the future policy path. The decision to leave the target range for the benchmark federal funds rate unchanged at a 22-year-high of 5.25% to 5.5% was unanimous.
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#business #politics #economy #bloomberg #markets #fed
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