Why the Fed keeping rates higher for longer may not be such a bad thing

CNBC— It's a tough case to sell that higher interest rates today are having a substantially negative impact on the course of the economy.

www.theyeshivaworld.com—The Fed Indicated Rates Will Remain Higher For Longer. What Does That Mean For You?. Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn’t plan to cut interest rates until it has “greater confidence” that price increases at the consumer level are slowing to its […]

Gephardt Daily—Fed leaves interest rates unchanged amid inflation rate higher than 2% target. 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.

NPR—Fed keeps interest rates at 23-year high. 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.