US Federal Reserve leaves key lending rate unchanged; foresees rate cuts in 2024 – The Economic Times Video

Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation was surprisingly high at the start of the year. Yet they foresee fewer rate cuts in 2025, and they slightly raised their inflation forecasts. After ending their latest meeting, the officials kept their benchmark rate unchanged for a fifth straight time.

AP | 21 Mar 2024, 07:27 AM IST