Federal Reserve Keeps Interest Rates Unchanged, But Forecasts a Hike for 2021
Author: The Black Jew Wealth Coach
Summary of Key Points
- The Federal Reserve held its current interest rates on Wednesday
- Officials project one interest rate hike for later this year
Our Hot Take
In its latest decision, the Federal Reserve has opted to maintain its current interest rates, signaling a cautious approach to the nation’s economic recovery. However, officials do predict one more rate hike this year, suggesting a sense of optimism regarding the improving environment. As we continue to navigate through the pandemic, watchful attention to the Fed’s decisions and commentary on interest rates is important to assess the broader financial landscape.