Day: November 23, 2023

During the FOMC meeting of November 1st emerged that interest rates were raised in the last year to counter inflation and bring it back to 2%. This policy was successful in 2023, with increases stopping in July and two consecutive periods of unchanged rates between 5.25% and 5.50%. On the other hand, recent inflation data show a deceleration in the consumer price index, with a lower-than-expected increase (“Consumer price inflation remained elevated but continued to show signs of slowing”). This had raised hopes for possible rate cuts as early as May 2024, but it seems that it will not be so.