27/09/2023
CAPTA Wealth | Weekly Review: Fed Holds Rates Steady
The Federal Reserve (Fed) paused its extended campaign against inflation this week, holding its benchmark interest rate steady and giving borrowers a breather after 11 hikes since March 2022.
As expected, the Fed left its short-term lending benchmark at a target range of 5.25% to 5.50%, the level set at the previous meeting in July. Their updated Summary of Economic Predictions still indicated the likelihood of one more rate increase in 2023.
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The Federal Reserve (Fed) paused its extended campaign against inflation this week, holding its benchmark interest rate steady and giving borrowers a breather after 11 hikes since March 2022. As expected, the Fed left its short-term lending benchmark at a target range of 5.25% to 5.50%, the level se...