The Federal Reserve just completed a two-day meeting, announcing on Wednesday that U.S. interest rates will stay unchanged — at least for now. Via @Bloomberg — Fed keeps rates unchanged.
consumer price index will fall to 2.7% pic.twitter.com/Q7fhZAvcIc — Bridget Willard (@BridgetMWillard) September 20, 2023 Advertisement
Earlier on Wednesday, my colleague at sister site Townhall, Spenser Brown wrote : The Federal Reserve announced on Wednesday that it was again hitting “pause” on its aggressive interest rate hikes and keeping the target rate between 5.25 percent to 5.5 percent after the most recent meeting of the Federal Open Market Committee (FOMC).
In the post-meeting statement announcing the decision to keep interest rates at their previously decided level, the Fed event admitted that “[i]Inflation remains elevated.”Here’s how the FOMC justified its decision: The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh […]
Read the Whole Article From the Source: redstate.com
