November 27, 2023
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January 30, 2024
By: Pooja
The FOMC is tentatively scheduled for January 30-31, 2024, to discuss the US monetary policy strategy.
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In December 2023, the FOMC maintained interest rates unchanged at 5.25% to 5.5% for the third consecutive time.
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The FOMC will announce its interest rate decision on January 30 at 2:00 p.m. ET.
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Jerome Powell is expected to speak during the announcement.
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Economic projections suggest a potential end to tightening policy, hinting at future rate cuts.
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Despite current rates, the Federal Reserve remains open to a potential future increase in borrowing costs.
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The latest policy statement acknowledged the robust U.S. economy but recognized tighter financial conditions for businesses and households.