Essentials of Monetary Policy
The Fed Holds Again, but Signals One Last Increase
September 20, 2023
- The Committee decided to maintain the target for the federal funds rate in a range of 5.25% to 5.50%.
- As expected, the Fed held rates steady today. It also signalled that at least one more hike is possible. It will all depend on how the economy and inflation evolve between now and the next two meetings.
See the full publication in PDF.
Contact our economists
Elsewhere in Canada:
1-866-866-7000 This link will launch your default phone software.