U.S Federal Reserve keeps key interest rate unchanged
Michael Phang2023-12-18T15:47:55-05:00December 13, 2023 Key Points: The Federal Reserve, in its third consecutive meeting, maintained unchanged interest rates and strongly suggested the conclusion of its previous aggressive rate-hiking strategy. The Fed's forecast surprised economists by indicating a plan for three quarter-point cuts in the coming year. Additionally, policymakers anticipate a series of further reductions in the