Markets Continue to Rally as Fed Holds Steady on Rates, Indicates a Shift Toward Easing in 2024

As expected, the Federal Reserve kept the target range for its policy rate—the federal funds rate —unchanged at 5.25%-5.50% at its latest meeting. The decision was unanimous. While the decision to hold the fed funds rate steady was in line with expectations, the accompanying statement and projections point to a shift toward easing in 2024. […]
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