Fed Meeting Update: Interest Rates Will Stay High Until Inflation Cools
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Federal Reserve Says Interest Rates Will Stay at Two-Decade High Until Inflation Further Cools
The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept […]
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Federal Reserve says interest rates will stay at two-decade high until inflation further cools
Fed Chair Powell’s 2:30 p.m. ET news conference will be livestreamed within this story. This story will also be updated with today’s F.O.M.C. decision on their key interest rate.
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Federal Reserve Says Interest Rates Will Stay At Two-Decade High Until Inflation Further Cools
The Federal Reserve emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target.