US Federal Reserve (FED) Announces Interest Rate Decision 20.09.2023

The long-awaited interest rate decision has been announced. The Fed kept the interest rate unchanged.

In today’s announcement, the Fed kept the interest rate unchanged.

Eyes had long been on the Federal Reserve’s decision regarding interest rates. In August, the Federal Open Market Committee (FOMC) kept the policy interest rate steady in the range of 5-5.25 percent, in line with expectations.

Following the announcement, Federal Reserve Chairman Powell, in his speech, indicated preparedness for an increase in interest rates, emphasizing the importance of this approach in maintaining economic stability.

Experts are expressing the view that interest rates will remain steady for some time in the upcoming period and even foresee a single increase by 2024.

-12 Federal Reserve officials are expecting one more interest rate hike.

-7 Federal Reserve officials, on the other hand, do not foresee further interest rate increases.

-The Fed plans to keep interest rates high for an extended period.

-Fed officials are forecasting inflation to be 3.3% at the end of 2023, 2.5% at the end of 2024, and 2.2% at the end of 2025.

-Core inflation is expected to be 3.7% at the end of 2023, 2.6% at the end of 2024, and 2.3% at the end of 2025.

Previous Article

If the New Bill is Approved in Brazil, Crypto Assets Will Be Included in the List of Protected Funds

Next Article

According to On-Chain Data, Bitcoin's Inactive Supply is at an All-Time High

Related Posts
Read More

Binance Introduces AI-powered Chatbot Binance Sensei

Today, Binance introduced an innovative AI-powered tool called "Binance Sensei," which leverages machine learning to provide users with insights from its educational platform on Web3. By utilizing AI-driven tools such as Binance Sensei, the platform aims to empower users with valuable insights and knowledge about the ever-evolving world of Web3.