For the Federal Reserve’s most aggressive rate-hiking campaign in four decades, 11 times may actually be the charm. At their last rate-setting meeting of the year, officials on the Federal Open Market Committee (FOMC) gave their clearest signal yet that they’re likely done raising borrowing costs. Meanwhile, not a single policymaker is penciling in more interest rate hikes for 2024, updated rate projections released along with the December rate decision show.
Full article here: Is the Fed finally done raising interest rates?
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