Some analysts on Wall Street think Powell will say rate hikes aren't the base case but will depend on economic data and can't be ruled out.
The central bank said that economic activity had continued to expand ‘at a solid pace’ but there had been a ‘lack of further progress’ towards its inflation objective
Expect to pay more for mortgages and credit card interest through at least the end of 2024.
Since the start of the year, central bankers' best hopes to take pressure
The Fed also offered financial markets some assistance by saying it would slow the pace of how
On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still “remains elevated.” No Change in Federal Funds Rate; Fed Continues Watchful Eye on Inflation Risks On Wednesday, the […]
The latest GDP and inflation figures have sparked concerns among investors, hinting at a potential economic downturn worse than a recession. read more
May 1 (UPI) — The Federal Reserve Wednesday voted to keep interest rates unchanged, in line with expectations as inflation remains above the central bank’s 2% threshold. The Federal reserve’s Federal Open Market Committee said in a statement that the central bank left interest rates for overnight bank borrowing within a range of 5.25%-5.5%. With CPI inflation at 3.5%, the […] The post Fed leaves interest rates unchanged amid inflation rate higher than 2% target first appeared on Gephardt Daily.
The Federal Reserve held interest rates steady Wednesday, as inflation remained stubbornly above the Fed's 2% target. Investors now think it could be September or later before rates start to fall.
WASHINGTON >> The Federal Reserve held interest rates steady today and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings and suggested a possible stall in the movement towards more balance in the economy.
As the Fed's policy-setting committee gathers for a two-day meeting
The Fed voted to leave interest rates on hold for the sixth consecutive meeting but policymakers flagged a "lack of further progress" on inflation.