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Business

With rate hikes likely done, Fed turns to timing of cuts

With rate hikes likely done, Fed turns to timing of cuts

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) - The Federal Reserve left interest rates unchanged on Wednesday and U.S. central bank chief Jerome Powell said the historic tightening of monetary policy is likely over as inflation falls faster than expected...

Fed flags end of rate hikes, sees lower borrowing costs in 2024

Fed flags end of rate hikes, sees lower borrowing costs in 2024

NEW YORK (Reuters) -The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024....

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