The US Federal Reserve kept its interest rate at 5.25-5.5%

By John Meyer, financial business consultant – Eurasia Business News, November 1st, 2023

Federal Reserve Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting, November 1st, 2023, in Washington.

On November 1st, 2023, the U.S. Federal Reserve released its decision on interest rates and updates on the economy. 

The US Federal Reserve System (Fed) has decided to keep its interest rate at 5.25-5.5% per annum, the press service of the US financial regulator said in a statement. This rate was already unchanged at the meeting of September 20.

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