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Federal Reserve Keeps Interest Rates, Rate Cut Outlook Steady for This Year

Policymakers forecasted Wednesday they would lower interest rates to 4.6% by year-end, similarly to their December projection.

Updated Mar 20, 2024, 6:47 p.m. Published Mar 20, 2024, 6:19 p.m.
Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk)
Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk)