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Economics

Fed Signals Higher-for-Longer Rates With Hikes Almost Finished

Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Sept. 20, 2023. The Federal Reserve left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year. Photographer: Sarah Silbiger/Bloomberg
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Sept. 20, 2023. The Federal Reserve left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year. Photographer: Sarah Silbiger/Bloomberg
Jonnelle Marte
21. Sep 2023 AT 01:00 Save for later
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