{"id":40117,"date":"2023-11-01T18:33:38","date_gmt":"2023-11-01T18:33:38","guid":{"rendered":"https:\/\/prosfunds.com\/news\/live-updates-on-november-fed-rate-decision\/"},"modified":"2023-11-01T18:33:41","modified_gmt":"2023-11-01T18:33:41","slug":"live-updates-on-november-fed-rate-decision","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=40117","title":{"rendered":"Live updates on November Fed rate decision"},"content":{"rendered":"
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Here’s what’s changed in the new Fed statement<\/h2>\n
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Policymakers made several tweaks to their November statement.<\/p>\n

Updates to the text include acknowledging the “strong” pace of economic expansion in the third quarter. The central bank also noted that job gains have “moderated since earlier in the year.”<\/p>\n

Read more about the November updates to the Fed’s statement.<\/p>\n

–Darla Mercado, Alex Harring<\/em><\/p>\n<\/div>\n<\/div>\n

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Federal Reserve upgrades its assessment of the economy<\/h2>\n
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In its decision to keep interest rates steady once more, the Federal Reserve upgraded its stance on the economy.<\/p>\n

The Fed’s post-meeting statement said that “economic activity expanded at a strong pace in the third quarter.” Back in September, policymakers said the economy had expanded at a “solid pace.”<\/p>\n

This latest decision from the central bank arrives on the heels of a report showing that U.S. gross domestic product expanded at a 4.9% annualized rate, surpassing expectations.<\/p>\n

Read more about the Fed’s decision here.<\/p>\n

–Darla Mercado, Jeff Cox<\/em><\/p>\n<\/div>\n<\/div>\n

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Federal Reserve keeps rates steady a second time<\/h2>\n
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The central bank left interest rates unchanged for a second consecutive time at the conclusion of its November meeting. That keeps the fed funds’ target rate at a range of 5.25% to 5.5%.<\/p>\n

Stocks remained positive, with the S&P 500 up 0.4%, the Nasdaq Composite up 0.7% and the Dow up 0.3%.<\/p>\n

Treasury yields slipped, with the 10-year yield sliding to 4.795%, off about 8 basis points.<\/p>\n

–Darla Mercado<\/em><\/p>\n<\/div>\n<\/div>\n

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Markets ahead of the Fed\u2019s rate decision<\/h2>\n
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Stocks had modest gains \u2013 but were off their session highs \u2013 in the minutes leading up to the Federal Reserve’s 2 p.m. ET decision.<\/p>\n<\/div>\n

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