FED’s Fund’s interest rates unchanged – Jan 31st, 2024

In January 2024, the Federal Reserve decided to maintain the Fed funds rate at a 23-year peak of 5.25%-5.5% for the fourth time in a row, which was consistent with market predictions. This is a mild signal that is done raising rates, but a cutting phase is not ready. Recent data points to a steady growth in economic activities. Although job growth has slowed down since the beginning of the previous year, it continues to be robust, and the unemployment rate has stayed low.