OAN’s Alicia Summers
1:20 PM – Wednesday, January 31, 2024
The Federal Reserve will maintain current interest rates, with no cuts announced despite the central bank having suggested several cuts this year. This marks the fifth time in the last six meetings where the rates remain unchanged. However, the Central Bank has increased rates 11 times during this economic cycle to address concerns about high inflation. For more on this and the mixed economic picture, Jeffrey Small, President of Arbor Financial joins OAN’s Alicia Summers.