Fed Interest Rate Decision 1/11/2023

On November 1st, the Fed kept the interest rates unchanged, but did not rule out a possible hike in the future. The policy statement recognized the strong growth of the U.S. economy in the third quarter, but also mentioned the challenges faced by businesses and households due to higher market rates. The Fed said it would monitor economic data and inflation to decide how much more policy tightening might be needed to bring inflation back to 2%.