Higher for Longer? Final Federal Reserve Meeting of 2023 Could Stoke New Rate Debate

Will the Fed keep interest rates higher for longer or cut them in 2024?
Higher for Longer? Final Federal Reserve Meeting of 2023 Could Stoke New Rate Debate
Federal Reserve Chairman Jerome Powell is introduced at the Jacques Polak Research Conference at the International Monetary Fund in Washington on Nov. 9, 2023. Mark Schiefelbein/AP Photo
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The Federal Reserve will hold its final Federal Open Market Committee policy meeting of 2023 this week and policymakers are expected to leave the benchmark interest rate unchanged at a range of 5.25 percent and 5.5 percent. But financial markets might be focusing more on what to expect next year.

Fed officials will publish the updated Summary of Economic Projection (SEP), leaving investors to concentrate on the central bank’s path throughout 2024.

Andrew Moran
Andrew Moran
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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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