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Fed Holds Rates Steady, Reiterates Inflation Remains "Relatively High"
Summary: The Federal Reserve on Wednesday held its benchmark interest rate steady, offering little insight into when it will further reduce borrowing costs in an economy where inflation remains above target, growth continues and unemployment is low. Fed officials said they largely believe progress in reducing inflation will resume this year but have paused in lowering ...
The Federal Reserve on Wednesday held its benchmark interest rate steady, offering little insight into when it will further reduce borrowing costs in an economy where inflation remains above target, growth continues and unemployment is low.
Fed officials said they largely believe progress in reducing inflation will resume this year but have paused in lowering rates for now, waiting for data to confirm that.
Tags: Fed,inflation,Rates
Link: Fed Holds Rates Steady, Reiterates Inflation Remains "Relatively High" [Copy]
