Fed keeps interest rates at 23-year high
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Live updates: Markets await updates from Chair Powell as Fed set to keep interest rates at 23-year high
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 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.
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When Will the Bank of Canada Start Cutting Interest Rates?
Canadian investors and borrowers are on the edge of their seats as they wait for Tiff Macklem and the Bank of Canada to finally cut interest...