Federal Reserve holds rates steady. Here's what that means for your money.
The Fed on Wednesday said it is keeping the federal funds rate in a range of 5.25% to 5.5%, the same level it has held since the central bank's July 2023 meeting, which is its highest level in more than 20 years. Economists had largely expected the decision given that inflation had ticked upward in the first three months of 2024.
When Will Interest Rates Go Down? Fed Holds Rates At 23-Year High Yet Again
The Federal Reserve announced Wednesday it will keep interest rates at a 23-year high, after a spate of worse-than-forecasted inflation data evaporated hopes for a sizable pivot in monetary policy this year.
Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut
The Federal Reserve said Wednesday it will hold interest rates at a 23-year high, making borrowing tougher for everything from car loans to mortgages.
Powell Likely to Signal Rate Cut Unlikely Until Inflation Drops
The Fed weighs three straight reports of persistent inflation with calls to lower interest rates at its latest meeting.
The Fed once again holds interest rates steady — with cuts expected later this year
The Federal Reserve announced interest rates will remain unchanged, staying in line with Powell's remarks that more data is needed before any cuts.
Fed holds interest rates steady, gives no sign it will cut soon as inflation fight stalls
The FOMC said that 'in recent months, there has been a lack of further progress' on lowering inflation to the Fed's 2% goal.
Expect Higher Interest Rates Through the End of 2024. Fed Blames ‘Lack of Progress’ on Inflation
You'll likely pay more to borrow until at least 2025, but now may be the time to lock in higher savings rates.
The Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy
US employers scaled back hiring in April. How that could let the Fed cut interest rates
US employers added a respectable 175,000 jobs in April, but still short of the estimated 233,000 jobs that economists had predicted.
The Fed hints when interest rate cuts will happen
The Federal Reserve held its benchmark lending rate unchanged Wednesday, noting a "lack of further progress" in its inflation fight, and suggested that it would hold off on rate cuts until at least later in the year.
What Will It Take for the Fed to Lower Rates?
Stubbornly high inflation has scrambled the central bank’s outlook. Wall Street is now shifting focus to Friday’s jobs report for clues on its next move.
Fed leaves rates unchanged, flags 'lack of further progress' on inflation
The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning towards eventual reductions ...
What Does the New Fed Rate Hold Mean for 2024 Mortgage Rates?
The Fed announced its sixth straight rate hold yesterday and signaled that 2024 rate cuts are not on the near horizon. What ...
Sorry, America, it's looking like higher interest rates are going to stick around longer
Still-elevated inflation and a job market that won't quit mean predictions for interest rate cuts in June are being pushed ...
What To Expect From The Fed’s May Interest Rate Decision
Markets expect no change in interest rates from the Fed on May 1. The question is when 2024 rate cuts might come, but that ...
The Fed rate decision meeting is today. Here's their rate decision.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.