Fed holds rates at 3.75-4.00%, signals room to hike from December as it trims rate-decision meetings

The Federal Reserve held its key overnight interest rate unchanged at 3.75-4.00%, emphasizing a prompt return to 2% inflation while leaving room to hike from December as it awaits more data. From next year it will cut the number of rate-decision meetings, devoting some of the eight annual FOMC meetings to long-term strategy and raising strategy meetings to two a year in 2028.

Detected & updated continuously · Source: Nebula