FOMC Signals Only One Likely Interest Rate Hike Next Quarter But Less Reduction in 2024 Than Presumed Earlier

FOMC members voted unanimously not to increase the federal funds rate at their sixth scheduled monetary policy review of 2023, and they signaled that at the end of this year the rate is likely to be only 25 basis points higher than now. The big surprise to Fed officials regarding how the U.S. economy has […]