First Fed Meeting of 2024 January 31, 2024

Today the Federal Reserve met for the first time this year.  As expected, they did not decided to lower the Fed Funds rate, not did they raise it.  However, many were hoping for language or an indication that rate cuts are coming.  Fed Chair Jerome Powell did say that inflation is still too high for their liking, and that a rate cut is unlikely at their next meeting which is in March.