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.
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.
Fed holds rates steady, hints rate cuts on hold until year-end
The Fed, which signaled three rate cuts as recently as March, now suggests we may not get one until late in the year.
Fed Holds Interest Rate Steady To Fight Still-Too-High Inflation
Members of the central bank’s policy committee voted unanimously Wednesday to hold the crucial fed funds rate at its current high level to fight inflation that's still running too hot for comfort.
Fed’s Bowman says she’s still willing to raise rates
I remain willing to raise the federal funds rate at a future meeting should the incoming data indicate the progress on inflation has stalled or reversed,” Fed Governor Michelle Bowman said Friday.
Fed’s Bowman Says Inflation to Remain Elevated for ‘Some Time’
Federal Reserve Governor Michelle Bowman said inflation will likely remain elevated for “some time,” but added she still anticipates price gains will eventually cool with interest rates held at current levels.
Federal Reserve Holds Steady Amid Inflation Concerns
The U.S. Federal Reserve chose to keep interest rates unchanged on Wednesday, indicating a continued inclination towards potential future rate cuts. However, the Fed raised concerns over recent inflation data,
Fed Holds Rates at 23-Year High as Inflation Worries Persist
The Federal Reserve made no changes in its interest rate policy Wednesday, holding its benchmark rate at a 23-year high amid signs of stubborn inflation in the U.S. economy. Officials on the Federal Open Market Committee said in a statement that while the economy continues to expand at a solid pace,
Fed Holds Steady on Interest Rates, Citing Persistent Inflation
In a recent announcement, the Federal Reserve has declared its decision to maintain the current interest rates, despite the unexpected persistence of high inflation rates.
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