The Fed is expected to keep rates steady—a comparatively uneventful close to a year that has been “far from dull” for monetary policy
Federal Reserve officials are likely to hold their benchmark interest rate steady after their two-day meeting concludes Wednesday and aren’t expected to make notable changes to their wait-and-see posture on more rate reductions.
The Fed cut interest rates by a quarter-percentage point at its past three meetings, most recently in late October to a range between 1.5% and 1.75%. This week’s meeting is shaping up as a comparatively uneventful end to a year that has been “far from dull,” as Fed Chairman Jerome Powell dryly observed...
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