Live updates: Markets await updates from Chair Powell as Fed set to keep interest rates at 23-year high
CNN - 2024-05-01T12:35:46.000Z

The Federal Reserve is expected to announce Wednesday that it will hold its key interest rate steady for the sixth-straight meeting.

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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.
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- 2024-05-01T21:51:00.000Z
Fed officials vote to keep interest rates at 23-year highs – here’s what that means for YOUR wallet
Fed officials vote to keep interest rates at 23-year highs - here's what that means for YOUR wallet - The Federal Reserve decides to keep interest rates at their current levels Rates are currently between 5.25 and 5.5 percent – the highest level in 23 years It is the sixth time in a row that the Fed has kept interest rates at the same level By Helena Kelly, Deputy Consumer Editor for Dailymail.Com Published: 2:00 p.m. EDT, May 1, 2024 | Updated: 3:00 p.m. EDT,...
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- 2024-05-01T19:09:06.000Z
Fed not cutting interest rates, inflation remains at 23-year high
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
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- 2024-05-01T22:33:31.000Z