Reserve

FOMC

Jerome Powell

Chair

<ul class="news-points">
 <li>The Federal Reserve announces that the interest rate will remain unchanged at 5.25% to 5.5%.</li>
 <li>Chair Jerome Powell narrates the interest rate’s strong influence on cooling inflation and the reduced unemployment rates.</li>
 <li>Powell hints at the potential modifications in the rate if risks emerge against the Fed’s expectations.</li>
</ul>
Federal Reserve Chairman Jerome Powell <a href="https://www.cnbc.com/2024/03/20/fed-meeting-march-2024-.html" target="_blank" rel="noopener noreferrer nofollow">announced</a> the board’s decision to hold the interest rates unchanged at a 23-year high following a two-day Federal Open Market Committee (FOMC) meeting.
Though economists speculated an interest relaxation, the Fed declared that the rate would remain unchanged at 5.25% to 5.5%, considering its significant impact on cooling inflation. In a <a href="https://www.federalreserve.gov/newsevents/pressreleases/monetary20240320a.htm" target="_blank" rel="noopener noreferrer nofollow">press release</a>, the Fed asserted that the past year has exhibited strong job gains and lower unemployment rates, along with the easing of inflation. The Fed highlighted in a<a href="https://www.theguardian.com/business/2024/mar/20/federal-reserve-interest-rates" target="_blank" rel="noopener noreferrer nofollow"> statement</a>,
<blockquote class="wp-block-quote">
 “Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated.”
</blockquote>
In a previous FOMC meeting, the Fed hinted at the<a href="https://coinedition.com/federal-reserve-anticipates-three-interest-rate-cuts-in-2024/" rel="noopener noreferrer nofollow"> po…</a>
The post <a href="https://coinedition.com/interest-rates-remain-unchanged-at-a-23-year-high-after-fomc-meeting/" rel="noopener noreferrer nofollow">Interest Rates Remain Unchanged at a 23-Year High After FOMC Meeting&nbsp;</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Interest Rates Remain Unchanged at a 23-Year High After FOMC Meeting

Coin Edition

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