Fed Holds Rates Despite Cues of Cooling Economy While Hinting Cuts Ahead 14 December 2023
The Federal Reserve kept interest rates unchanged at 5.5% this month but dropped hints they may cut up to 75 basis points soon - a slight pivot after consecutive hikes over last year.
This signals the Fed juggling sticky inflation against an evidently slowing economy and job market, hoping to engineer a soft landing.
Fed Holds Rates Despite Cues of Cooling Economy While Hinting Cuts Ahead 14 December 2023