Fed Meeting: Interest Rate Hike, Savings Rates, and Gold Predictions
TL;DR Summary
The Federal Reserve is expected to keep interest rates unchanged at its meeting, marking only the second time in eighteen months that the central bank has not raised rates. Weakness in rate-sensitive sectors of the economy and cooling labor market conditions are likely factors in the decision. However, the Fed has not ruled out the possibility of another rate hike before the end of the year. The current key rate stands at 5.25% to 5.5%.
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- What to expect from this week’s Fed meeting CNN
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