The Federal Reserve announced at its latest monetary policy meeting that it would keep interest rates unchanged, in line with market expectations. The current target range for the federal funds rate remains at 5.25% to 5.50%, the highest level in 22 years. The Federal Reserve stated that although inflation has eased, it is still above the target level, so further confirmation of the stability of economic data is needed before considering a rate cut. The market anticipates that the Federal Reserve may begin to cut rates in the second half of 2024, but the specific timing will still depend on future economic performance and inflation trends.