Fed Holds Rates Steady, but Signals Another Hike This Year
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 20 September 2023
⏱️ 16 minutes
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| 0:00.0 | Mailchimp would like to talk to you about customers. |
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| 0:22.4 | Into it Mailchimp, the number one email marketing and automation brand. |
| 0:26.8 | Based on customer numbers for verification email, advertising at Mailchimp.com. |
| 0:34.6 | The Fed holds rate steady, but signals another hike could come this year. |
| 0:38.8 | And even America's biggest landlords can't find properties to buy. |
| 0:43.4 | These companies really haven't had any adversity in buying homes. |
| 0:46.8 | You know, they started when homes were selling for far less than a cost to build them. |
| 0:51.2 | Then they were using very cheap and eager financing from Wall Street. |
| 0:55.6 | After the crash was kind of cleaned up. |
| 0:58.0 | And this is the first time they've really had a problem making the numbers work on the open market. |
| 1:02.8 | Plus, the White House is warning of major consequences if Congress fails to pass a bill to avoid a government shutdown. |
| 1:10.0 | It's Wednesday, September 20th. I'm Sabrina Siddiqui for the Wall Street Journal, |
| 1:14.0 | sitting in for Ann Marie for Tolley. |
| 1:16.2 | This is the PM edition of What's News, the top headlines and business stories that move the world today. |
| 1:26.2 | The Federal Reserve held interest rate steady at a 22-year high, |
| 1:33.4 | but it signaled it's prepared to raise rates again this year to combat inflation. |
| 1:38.2 | Today's decision marks the second meeting this year that the Fed opted against raising rates. |
| 1:43.2 | It also paused in June. |
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