Full recap: Fed leaves rates unchanged, Powell discusses December decision
Publishing timestamp: 2023-11-01 15:30:38
Summary
The Federal Reserve has decided to keep interest rates steady for the second consecutive time at its November meeting. Fed Chair Jerome Powell discussed the strength of consumer and small business finances and the need for slower growth and a dampening labor market to tame inflation. The Fed has not made any decisions for its December meeting and is not considering rate cuts at this time. The statement also emphasized the impact of financial conditions on the economy. Overall, the article discusses the Fed's decision and Powell's comments on various aspects of monetary policy.
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Keywords: jerome powell, dow jones industrial average, u.s. 10 year treasury, u.s. economy, breaking news: markets, s&p 500 index, nasdaq composite, prices, business news, interest rates, u.s. 2 year treasury, markets,
Source: https://www.cnbc.com/2023/11/01/fed-meeting-today-live-updates-on-november-fed-rate-decision.html