Fed Holds Key Rate Steady, Predicts 3 Rate Cuts Next Year (Newser Breaking News)

What you need to know, as soon as we know it.                          -------------------------------------------------------------------------------------------------------------

December 13, 2023 Sponsored by Wise Bread   Happening Now Fed Holds Key Rate Steady, Predicts 3 Rate Cuts Next Year Stocks surged on Wednesday after the Federal Reserve left its key interest rate unchanged for the third meeting in a row—and predicted that there would be three rate cuts next year. The Fed signaled that inflation had come down faster than expected, opening the door to interest rate cuts, though officials didn't rule out higher rates if the situation changes, the Wall Street Journal reports. Keep reading   From our sponsor Best Reward Cards of 2023 With $300 Bonus Enjoy exceptional rewards on purchases and a $300 bonus offer. A long-time credit card writer says these are some of the best offers he's seen in his years of writing for top financial websites. Start racking up huge rewards. Learn More   Today's 6 Most-Read Stories   Manage your subscriptions  |  Unsubscribe from Newser emails  |  Privacy Policy We'd love to hear from you. Send us a note at feedback@newser.com. Read our stories on MSN. Newser, LLC  |  1395 Brickell Avenue  |  Suite 800  |  Miami, Florida  |  33131 © 2023 Newser, LLC. All rights reserved