The Fed left its policy rate unchanged for the third consecutive meeting.
Participants predicted three rate cuts in 2024. The scenario is for the Fed to begin cutting rates in mid-24 at the latest.
At the press conference, they clarified that they were not discussing additional rate hikes, but rather when to scale back monetary tightening.
He indicated that he would continue to persistently tighten monetary policy in order to quell high inflation. He also stressed that he is concerned about the risks of prolonging high interest rates. He also emphasized that he is concerned about the risk of prolonging high interest rates, and that he is careful to avoid a situation in which interest rate cuts are delayed, which would cool the economy too much.
The Fed has been trying to slow economic growth to the point where the economy does not fall into recession, and has been trying to keep the inflation rate at its target of 2% (soft landing).
