Fed leaves rates unchanged, acknowledges economy ‘strong’
U.S. Federal Reserve Chairman Jerome Powell holds a press conference following the announcement of the Fed’s policy decision to leave interest rates unchanged, at the U.S. Federal Reserve in Washington, U.S., September 20, 2023.—Reuters The Federal Reserve held interest rates steady on Wednesday but left the door open for further increases in borrowing costs in a policy statement that acknowledged the surprising strength of the U.S. economy, but also the tighter financial conditions facing businesses and households. “Economic activity expanded at a strong pace in the third quarter,” the U.S. central bank said in a policy statement after a two-day
