Central Banks
Fed Leaves Rates Unchanged, Signals Another Hike This Year
- Projections show half-point less easing expected in 2024
- Powell says “soft landing” is not Fed’s baseline expectation
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The Federal Reserve left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year.
The US central bank’s policy-setting Federal Open Market Committee, in a post-meeting statement published Wednesday in Washington, repeated language saying officials will determine the “extent of additional policy firming that may be appropriate.”