The Federal Reserve declined to change interest rates on Wednesday but suggested rates would remain high for longer, according to analysis from multiple outlets. “The fact that we decided to maintain the policy rate at this meeting doesn't mean that we've decided that we have or have not, at this time, reached that stance of monetary policy that we're seeking,” Fed Chairman Jerome Powell said.
, saying economic activity was expanding at a “solid” pace instead of “moderate” one, and saying job gains “have slowed in recent months but remain strong” instead of calling employment “robust.”The Fed has raised interest rates 11 times since March 2022 to combat high inflation by raising borrowing costs and slowing economic activity. In recent months, 12-month inflation has
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Reserve pauses interest rate hikes as inflation and economy slow downIt's the second time this year the Fed left the key interest rate unchanged after seeing signs of inflation cooling off following 40-year highs.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »
Fed pauses rate hikes for second time this year, but hints at another increaseThe Federal Reserve paused its interest-rate hike campaign on Wednesday for the second time this year amid signs that inflation is continuing to moderate.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Asian markets slip ahead of Fed's interest-rate decisionAsian shares mostly declined in cautious trading Tuesday ahead of the Federal Reserve’s looming decision on interest rates.
Source: MarketWatch - 🏆 3. / 97 Read more »
Gold hits two-week high as Fed looks set to keep interest rates unchangedGold price (XAU/USD) continues to attract bids ahead of the Federal Reserve (Fed) interest rate decision, which will be announced on Wednesday. The ye
Source: FXStreetNews - 🏆 14. / 72 Read more »
Why the Fed's interest rate move may hinge on inflation expectationsInflation expectations, or the rate at which consumers expect prices to rise or fall in the future, can influence higher prices in the economy.
Source: NBCLA - 🏆 319. / 59 Read more »
U.S. stocks open lower with Fed decision and comments on future interest rates dueU.S. stocks opened lower Tuesday, with traders readying for the Federal Reserve's interest rate decision Wednesday, as well as the central bank's comments on...
Source: MarketWatch - 🏆 3. / 97 Read more »