Fomc March 20 2024. That said, looking beyond 2024, fed rate projections for 2025 and “longer term” increased, suggesting a slight bias towards rates staying higher for longer. Here are five key takeaways from wednesday’s federal open market committee rate decision and federal reserve chair jerome powell’s press conference:
The federal reserve stood pat on interest rates, but it’s also sticking with its forecast for three rate cuts before the year is out. March 20, 2024 at 2:00 pm edt.
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