Thu, Sep 21, 2023
The Fed's benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50 per cent-5.75 per cent range, according to updated quarterly projections released by the US central bank, and rates kept significantly tighter through 2024 than previously expected.
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Wed, Jul 26, 2023
As it stated in June, the Fed said it would watch incoming data and study the impact of its rate hikes on the economy "in determining the extent of additional policy firming that may be appropriate" to reach its 2 per cent inflation target.
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