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Business Matters: Federal Reserve left interest rates unchanged

Federal Reserve left interest rates unchanged

14/12/2023 GMT

BBC World Service - Business Matters, Federal Reserve left interest rates unchanged

It gives signals that interest rates may be cut next year

The US Federal Reserve voted Wednesday to hold interest rates at a 22-year high for the third straight meeting and signalled it expects to make three cuts next year.

The US central bank left interest rates unchanged as it said it remained committed to slowing price rises.

Members of the Federal Reserve gave the strongest sign yet that they expect to start cutting rates next year.

Projections released after the bank's meeting showed they expect its key interest rate to stand at 4.6% next year, more than half a percentage point lower than the current rate.

Also, in the programme, we will find out how popular non-English speaking content is on Netflix.
 
(Picture: FED The Federal Reserve System, the central banking system of the United States of America. Picture credit: Getty Images)

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