#FOMCMeeting The market held its breath - the latest meeting of the Federal Open Market Committee (FOMC) has ended. The US Federal Reserve kept the key rate unchanged at 5.25–5.50%. This decision was expected, but investors closely monitored Powell's rhetoric.
💬 Key signals:
– Powell acknowledged that the fight against inflation is taking longer than anticipated.
– They forecast one rate cut in 2024, instead of two as previously expected.
– Inflation remains "unacceptably high," but the Fed does not want to "overtighten" the economy.