FED Chair Jerome Powell's Speech: Key Highlights

<h1 class="d-none">On Wednesday, the Federal Reserve voted to keep the benchmark federal funds rate at 5.25%-5.50%</h1> <h2 class="d-none">Key Points from FED Chair Jerome Powell&#039;s Speech</h2> On Wednesday, the Federal Reserve voted to keep the benchmark federal funds rate at 5.25%-5.50%

The Federal Reserve kept its key interest rate unchanged for the second time in three meetings

Fed eyes 2023 rate hike to 5.50%-5.75% and maintains tighter 2024 rates in updated projections

Global market falls after the Federal Reserve warns rates may stay higher in 2024