The Federal Reserve is set to hold its next meeting on January 30-31, 2024, with expectations to maintain the benchmark interest rate steady. This stance comes despite recent months showing a significant drop in inflation and a robust labor market characterized by low unemployment rates. Policymakers remain watchful, seeking further confirmation of the downward inflation trend before making any policy adjustments.
Daly’s remarks reflect a broader sentiment within the Federal Reserve, which is to proceed with caution and ensure that inflation is on a consistent downward path before altering the current interest rate policy.
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Source: Economy - investing.com
