Federal Reserve holds interest rates steady, projects three rate cuts later this year

Federal Reserve Bank Chair Jerome Powell speaks during a news conference on March 20, 2024 in Washington, DC. Following a meeting of the Federal Open Markets Committee, Powell announced that the Fed left interest rates unchanged, but projects it may cut rates three times later this year.The Federal Reserve held interest rates steady on Wednesday, but policymakers signaled they still expect to start cutting rates later this year.

Fed policymakers said their basic outlook hasn't changed, even though inflation was slightly hotter than expected in January and February. Markets see a slim chance of a rate cut at the next Fed meeting in May, with a higher probability in June.

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.

Fed holds interest rates steady, postponing rate cuts amid stubborn inflationThe Federal Reserve held its key interest rate steady Wednesday for the fifth consecutive meeting.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »

Federal Reserve holds interest rates steady, projects three rate cuts later this yearThe Federal Reserve held interest rates steady Wednesday, but policymakers signaled they still expect to start cutting rates later this year.
Source: NPR - 🏆 96. / 63 Read more »

The Federal Reserve will cut interest ratesThe Federal Reserve will cut interest rates in 2024.
Source: dcexaminer - 🏆 6. / 94 Read more »

Federal Reserve to Keep Interest Rates Unchanged Amid Stubborn InflationInflations fell sharply last year but progress has stalled in recent months.
Source: ABC - 🏆 471. / 51 Read more »