US Federal Reserve rate pauses rate hike, sees tighter policy for year
Thursday, 21 September 2023 The US Federal Reserve decided to keep interest rates unchanged but adopted a more hawkish stance. They anticipate an additional rate increase by the end of the year, maintaining a benchmark overnight interest rate peaking in the 5.5-5.75% range, just a quarter of a percentage point above the current range. However, their updated projections show rates falling only half a percentage point in 2024 compared to previous expectations.
Federal Reserve , Announces Pause On Rate Hikes , Amid Easing Inflation.
On September 20, the Federal Reserve paused its string
of interest rate hikes as it waits to see if its efforts
over the past 18 months have finally slowed inflation.
NBC reports that the central bank
kept its main policy...
Federal Reserve Chair Jerome Powell, speaking at the Jackson Hole Symposium, emphasized the potential necessity for the US Federal Reserve to implement additional interest rate hikes in order to..
2024 Social Security COLA Increase , May Be Higher Than Expected.
On Sept. 13, the Senior Citizens League
said that the 2024 cost of living
adjustment (COLA) will probably be 3.2%.
On Sept. 13, the..
Credit: Wibbitz Top Stories Duration: 01:30Published
Thursday, 21 September 2023
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