Central Banks
The Fed Isn’t Ready to Speculate on Rate Cuts — Yet
- Investors will be focused on dot plot forecasts for 2024 rates
- Powell is not ready to speculate on when rate cuts will start
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The Federal Reserve will likely hold interest rates steady for a third straight meeting, while pushing back against market expectations of rate cuts as soon as March.
The Federal Open Market Committee is poised to keep rates in a range of 5.25% to 5.5% at its two-day policy meeting ending Wednesday, a 22-year high first reached in July. The rate decision and an accompanying statement will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later.