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Fed Expected to Hold Rates Steady

  • Writer: Rob Philion
    Rob Philion
  • Sep 7, 2023
  • 1 min read

Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, July 26, 2023. The Federal Reserve raised interest rates to the highest level in 22 years and left the door open to additional increases as officials fine-tune their effort to further quell inflation. Photographer: Al Drago/Bloomberg© 2023 BLOOMBERG FINANCE LP

The Federal Reserve is expected to hold interest rates steady at its next interest rate announcement at 2pm ET on September 20. However, the upcoming meeting should offer clues on a potential interest rate increase at the Fed’s subsequent November decision.


Read more here on Forbes.

 
 
 

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