Fed holds rates steady at 5.25-5.50%
What happened. The Federal Open Market Committee kept its target range unchanged on 1 November 2023 and said it would continue to assess additional information on tightening and its implications.
Why it matters for investors. The hold, followed by weaker data and a pullback in long-term yields from their October peaks near 5%, helped global equity markets rally in November.
Event date: 1 Nov 2023. Source: Federal Reserve Board, FOMC statement.
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