Main content

Federal Reserve left interest rates unchanged

The US Federal Reserve voted Wednesday to hold interest rates at a 22-year high for the third straight meeting and signalled it expects to make three cuts next year.

The US central bank left interest rates unchanged as it said it remained committed to slowing price rises.

Members of the Federal Reserve gave the strongest sign yet that they expect to start cutting rates next year.

Projections released after the bank's meeting showed they expect its key interest rate to stand at 4.6% next year, more than half a percentage point lower than the current rate.

Also, in the programme, we will discuss the German budget and will find out how popular non-English speaking content is on Netflix.

(Picture: American dollar and interest rates. Picture credit: Getty Images)

Available now

27 minutes

Last on

Wed 13 Dec 2023 22:32GMT

Broadcast

  • Wed 13 Dec 2023 22:32GMT