Main content

Federal Reserve left interest rates unchanged

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)

Available now

50 minutes

Last on

Thu 14 Dec 2023 01:06GMT
Βι¶ΉΤΌΕΔ World Service

More episodes

Previous

Argentina devalues the peso

Next

Ukraine moves closer to joining the EU

See all episodes from Business Matters

Featured

  • .

Broadcast

  • Thu 14 Dec 2023 01:06GMT
    Βι¶ΉΤΌΕΔ World Service

Podcast

  • Business Matters

    Global business and finance news and discussion from the Βι¶ΉΤΌΕΔ