Economic Policies

Federal Reserve Leaves Interest Rates Unchanged but Keeps Open Possibility of Future Hikes

The central bank keeps interest rates at a 22-year high, pledges to monitor conditions amid stubborn inflation.
Federal Reserve Leaves Interest Rates Unchanged but Keeps Open Possibility of Future Hikes
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting at the Federal Reserve in Washington on Nov. 1, 2023. Kevin Dietsch/Getty Images
Andrew Moran
|Updated:

The Federal Reserve left interest rates unchanged at the November Federal Open Market Committee (FOMC) policy meeting, keeping in line with economists’ expectations.

Central bank officials voted to keep the benchmark fed funds rate at a range of 5.25 percent to 5.50 percent.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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