The Federal Reserve made the widely expected move of keeping interest rates unchanged when it wrapped up its regularly scheduled policy meeting Wednesday. Equally important, the central bank continued to pencil in three quarter-point interest rate cuts in 2024.
The Fed's Federal Open Market Committee (FOMC) left the short-term federal funds rate steady at a 23-year high of 5.25% to 5.5%. But what market participants really want to know is when the Fed is going to begin easing.
