The US Federal Reserve did not alter interest rates. More information is available here

 The US Federal Reserve did not alter interest rates. More information is available here

The US Federal Reserve did not alter interest rates. More information is available here

US Federal Reserve Policy: The Federal Reserve has maintained a consistent range of 5.25 to 5.50 percent for benchmark interest rates. It remains at the 22-year high.

US Fed Policy: The FOMC meeting saw no adjustments to the Federal Reserve's policy interest rates, which were held steady at 5.25–5.50 percent. The global markets have been relieved by this decision made by the Federal Open Market Committee (FOMC), which determines the interest rates of the US Federal Reserve Bank. The Federal Reserve Chairman has maintained interest rates at a 22-year high by not altering them.

For the third time in a row, rates did not alter.

The US Federal Reserve Chairman maintained the benchmark interest rate at 5.25–5.50 percent at the last rate meeting of 2023 after the two-day FOMC meeting. This held true to what the market had anticipated, and the FOMC maintained its position for the third consecutive meeting.

The Federal Reserve makes reference to relief in 2024.

The Fed has unambiguously signaled relief for 2024, and Fed Chairman Jerome Powell has mentioned reducing interest rates by 0.75 percent in the next year. Aside from this, it is projected that in 2024, the unemployment rate in the United States will be 4.1%. The US GDP growth estimate for the next year has also been lowered. It is now just 1.4 percent instead of 1.5 percent.

The inflation rate remark from the Fed committee

Although it has fallen, the inflation rate is still higher than anticipated, according to the Fed Chairman. The Fed Chairman said that by the end of 2024, the core inflation rate is anticipated to drop to 2.4 percent, which is less than the 2.6 percent prediction made in September. Power and food costs are included in core inflation. It is thought to be a more accurate indicator of inflation's future course.

The American markets were happy; they increased.

Following the FOMC meeting's conclusions yesterday, the US markets were clearly in a better mood, and Wednesday's trading saw a significant increase in the US market. The American markets were booming, and the Dow Jones ended at a new high in January 2022. A one-percent increase was seen in the Nasdaq and S&P 500.