Federal Reserve holds interest rates steady, projects three rate cuts later this year

Federal Reserve holds interest rates steady, projects three rate cuts later this year

U.S. Federal Reserve Board Chairman Jerome Powell speaks at a news conference at the headquarters of the Federal Reserve on December 13, 2023 in Washington, DC. The Federal Reserve announced today that interest rates will remain unchanged.

The Federal Reserve held interest rates steady Wednesday, but policymakers signaled they still expect to start cutting rates later this year.

(Image credit: Win McNamee)

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