Fed Keeps Interest Rates Unchanged, Predicts 3 Rate Cuts in 2024

Federal Open Market Committee signaled rate cuts in 2024.

Federal Reserve Chairman Jerome Powell holds a news conference at the end of a Monetary Policy Committee meeting in Washington on Dec. 13, 2023. Brendan Smialowski/AFP via Getty Images

The Federal Reserve’s policy-setting committee on Dec. 13 left interest rates unchanged at a target range of 5.25 percent to 5.50 percent at its final policy meeting of the year.

It was the third consecutive meeting that the Federal Open Market Committee chose not to raise rates.