The US Federal Reserve voted to hold interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts in 2024. The Fed's decision allows policymakers to assess incoming data and the balance of risks. In 2023, the Fed's policies led to easing inflation and strong economic growth. JP Morgan economists noted that expectations for central bank easing in 2024 have been reduced. Alongside the rate decision, the Fed upgraded the US growth outlook for 2024.
The US Federal Reserve voted to hold interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts in 2024. The Fed's decision allows policymakers to assess incoming data and the balance of risks. In 2023, the Fed's policies led to easing inflation and strong economic growth . JP Morgan economists noted that expectations for central bank easing in 2024 have been reduced.
Alongside the rate decision, the Fed upgraded the US growth outlook for 2024
US Federal Reserve Interest Rates Cuts Inflation Economic Growth JP Morgan US Growth Outlook
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