U.S. Federal Reserve holds interest rates steady for the fourth consecutive meeting
Michael Phang2024-01-31T16:33:54-05:00January 31, 2024 The Federal Reserve, led by Chair Jerome Powell, signaled a halt to interest rate hikes, indicating that the current policy rate is likely at its peak for the tightening cycle. Powell mentioned a potential dialing back of policy restraint later in the year, emphasizing the readiness to maintain the current federal funds