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The last interest rate decision of the FOMC this year is approaching, and it is expected that they are not yet ready to send a signal of interest rate cuts in the short term

The last interest rate decision of the FOMC this year is approaching, and it is expected that they are not yet ready to send a signal of interest rate cuts in the short term

Bitget2023/12/13 06:53

The Federal Reserve may maintain interest rates unchanged for the third consecutive meeting, while dampening market expectations of a rate cut as early as March.

The Federal Open Market Committee (FOMC) is expected to keep the federal funds rate target range at 5.25%-5.5%, which was first reached in July and marks a 22-year high, at the end of its two-day policy meeting on Wednesday local time. The interest rate decision and policy statement will be released at 2 p.m. local time, followed by a press conference by Fed Chair Powell after 30 minutes.

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