November 1, 2023
Key Points:
During its recent policy meeting, the Federal Reserve decided to leave interest rates unchanged for the second time in a row, maintaining the federal funds rate at 5.25-5.50%. The decision was widely anticipated and unanimous. Federal Reserve Chair Jerome Powell mentioned that officials are still not content with progress on inflation and suggested that monetary policy might need to be even more restrictive. Additionally, policymakers are monitoring the impact of rising bond yields on financial conditions. The statement did not rule out the possibility of future rate hikes.
Federal Funds Target Rate
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