Fed holds rates steady, indicates it is not ready to start cutting

• The Federal Reserve sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting.
• The Federal Open Market Committee removed language that had indicated a willingness to keep raising interest rates until inflation had been brought under control and was on its way toward the Fed’s 2% inflation goal. 
• However, it also said there are no plans yet to cut rates with inflation still running above the central bank’s target.

https://www.cnbc.com/2024/01/31/fed-rate-decision-january-2023.html