Federal Reserve leaves interest rates the same, but signals another hike in 2023

The labor market and consumer spending have remained resilient despite the rate hikes (the last one in July), but a resumption of student-loan payments next month will take discretionary spending power out of consumers' hands.

By Craig Torres | September 21, 2023 at 09:51 AM

The Federal Reserve, which issued a statement on Wednesday, left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year.

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Federal Reserve leaves interest rates the same, but signals another hike in 2023

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

1 Biden's new student loan forgiveness plan: A 3rd attempt at debt cancellation for 8M

2 LinkedIn sued for tracking user health data

3 Navigating Cancer's Financial Strain: A Guide for Benefit and Health Plan Leaders

4 Hospital price transparency: Is it pushing prices down?

Employee leave management continues to be a struggle for many employers

Are your employees sober curious? 3 ways to support sobriety in the workplace

Toxic office culture is calling for workplace redesign

BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

Instant Insights /

Federal Reserve leaves interest rates the same, but signals another hike in 2023

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

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1 Biden's new student loan forgiveness plan: A 3rd attempt at debt cancellation for 8M

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3 Navigating Cancer's Financial Strain: A Guide for Benefit and Health Plan Leaders

4 Hospital price transparency: Is it pushing prices down?

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Employee leave management continues to be a struggle for many employers

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