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Rates remain unchanged today, but additional hikes aren’t off the table

CIBC Private Wealth

November 01, 2023

The US Federal Reserve (the Fed) announced it’s holding the target range for the federal funds rate at 5.25% - 5.5% during the Federal Open Market Committee’s (FOMC) statement today.

Read more Read more about Rates remain unchanged today, but additional hikes aren’t off the table
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CIBC Private Wealth” consists of services provided by CIBC and certain of its subsidiaries through CIBC Private Banking; CIBC Private Investment Counsel, a division of CIBC Asset Management Inc. (“CAM”); CIBC Trust Corporation; and CIBC Wood Gundy, a division of CIBC World Markets Inc. (“WMI”). CIBC Private Banking provides solutions from CIBC Investor Services Inc. (“ISI”), CAM and credit products. CIBC Private Wealth services are available to qualified individuals. Insurance services are only available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are only available through CIBC Wood Gundy Financial Services (Quebec) Inc.


CIBC Private Wealth services are available to qualified individuals. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license.