Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Federal Reserve Decides to Hold Interest Rates for Fourth Time in Row

Wed 31 Jan 2024 | 10:01 PM
Taarek Refaat

The Federal Reserve decided Wednesday to hold key interest rates at their current levels without change, for the fourth time in a row, which was in line with the expectations of most experts.

Policymakers in the Open Market Committee, which is charged with setting interest rates at the US Federal Reserve, voted unanimously to keep the interest rate between 5.25% and 5.5%, to remain at its highest levels in 22 years.