Fed holds rates steady again

Powell said the question the committee is asking is should it hike rates more

US Federal Reserve

The Federal Open Market Committee (FOMC) chose to maintain its target for the fed funds rate unchanged after its meeting on October 31 and November 1. The decision was unanimous.

The Fed’s rate target remains between 5.25 and 5.5%, a 22-year peak. The committee also voted unanimously to maintain the primary credit rate at 5.5% and the interest paid on reserves at 5.4%.

The FOMC also held rates steady at its September committee meeting. From March 2022 to July 2023 the Fed raised rates at every

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.