[3/20/24]The Federal Reserve held rates steady for an eighth consecutive month, while holding to its forecasts of around three rate cuts in 2024, but the central bank hinted that stubborn inflation might delay any moves until later in the year. The policy-making Federal Open Market Committee held its key rate at between 5.25% and 5.5%, the highest in 22 years, a unanimous move that Wall Street widely expected following the central bank's two-day policy meeting in Washington. The Fed's last rate move, a quarter-point increase, came in July 2023. The newly released Summary of Economic Projections, known informally as the 'dot plots, indicates around 0.75 percentage point of rate reductions this...
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