Fed announces suspension of interest rate cuts, keeping interest rates unchanged at 1.50% -1.75%

After ending the two-day monetary policy meeting, the Federal Reserve announced the December interest rate decision at 2 pm EST on Wednesday, maintaining the federal funds rate target range unchanged at 1.50% -1.75%, while maintaining the excess reserve interest rate at 1.55% Unchanged, and to maintain the discount rate unchanged at 2.25%, are in line with market expectations. No member of the interest rate decision voted against it, which is the result of the first unanimous vote since May. This is the Fed's last interest rate decision in 2019. During the year, the Fed has cut interest rates three times in succession, cutting a total of 75 basis points.