Fed holds rates steady, says more 'confidence' needed in inflation slowdown before cuts
Wednesday, 31 January 2024 The Federal Reserve left interest rates unchanged in its latest policy statement, signaling a shift away from a bias towards rate hikes. While not indicating an imminent rate cut, the Fed acknowledged concerns about both inflation and employment, suggesting a more balanced approach. The statement disappointed investors expecting rate cuts soon, emphasizing the need for greater confidence in achieving the 2% inflation target before considering reductions.
The Federal Reserve kept the fed funds rate steady at 5.25%-5.5% for a third consecutive meeting in December 2023, in line with expectations but indicated 75bps cuts in 2024. Policymakers said that recent indicators suggest that economic growth has slowed and job gains have moderated but remain...
Strong US Job Market , May Be Cooling With Slower , Growth in Pay and Benefits.
In the last three months of 2023, pay and benefits
for workers in the United States grew at
the slowest pace in two..
Credit: Wibbitz Top Stories Duration: 01:31Published
Economists Warn , of Danger Ahead for the , US Economy in 2024.
According to Wells Fargo economists, the possibility of a future recession has not been ruled out for the United States economy...
Credit: Wibbitz Top Stories Duration: 01:31Published
Surge in Measles Cases in UK, Comes Amid Plummeting , Vaccination Rate.
On January 22, health officials in the United Kingdom urged millions of parents to get their children vaccinated against..
Credit: Wibbitz Top Stories Duration: 01:31Published
Wednesday, 31 January 2024
![Strong US Job Market May Be Cooling With Slower Growth in Pay and Benefits [Video]](https://video.newsserve.net/300/v/20240131/1364508579-Strong-US-Job-Market-May-Be-Cooling-With.jpg)
![Economists Warn of Danger Ahead for the US Economy in 2024 [Video]](https://video.newsserve.net/300/v/20240129/1364408088-Economists-Warn-of-Danger-Ahead-for-the-US.jpg)
![Surge in Measles Cases in UK Comes Amid Plummeting Vaccination Rate [Video]](https://video.newsserve.net/300/v/20240122/1364063446-Surge-in-Measles-Cases-in-UK-Comes-Amid.jpg)
