The Federal Reserve maintained interest rates between 5.25% and 5.5% Wednesday during its first meeting of 2024, aligning with market predictions. This decision represents the fourth consecutive Federal Open Market Committee (FOMC) meeting where the cost of borrowing was kept steady, reinforcing the belief that the interest rate hiking cycle has ended. Fed Chair Jerome Powell highlighted the current economic situation at his press conference: “Inflation has eased from its highs without a significant increase in unemployment.” . . #fomc #jeromepowell #federalreserve