US Federal Reserve monetary policy meeting leaves policy rate unchanged for 4th consecutive meeting. The focus is on when the Federal Reserve will cut interest rates, and the market is paying close attention to what Chairman Powell will say at his press conference.
Since March 2022, interest rates have been raised 10 times in a row. The policy interest rate ranged from 5.25% to 5.5%, the highest level in 22 years since 2001. The Fed has now raised interest rates a total of 11 times since March 2022.