Sat, Mar 21st, 2020 - 11:28am
December 20, 2023 - 10:03am | By Tom Tucker
(New York, NY) -- Federal Reserve officials are hesitant as financial markets surge over the potential for the central bank to cut interest rates next year.
Fed Chair Jerome Powell said at a news conference that "we are likely at or near the peak rate for this cycle."
The Fed held rates steady for a third meeting in a row last week and suggested its aggressive rate hike campaign may be at a close.