Browsing:interest rates

Fed maintains current interest rates, citing inflation concerns and a strong job market
2 weeks ago 1 min read

Fed maintains current interest rates, citing inflation concerns and a strong job market

Following its biennial policy meeting, the Federal Reserve maintained interest rates at their current level on Wednesday. This is the sixth instance in which the central bank has paused its rate adjustments since it began increasing rates in March 2022. The Federal Reserve decided to maintain interest rates due to a combination of significant inflation and a stable job market. Authorities expressed their need for more data indicating a consistent and ongoing approach of inflation towards the 2% mark, prior to implementing rate cuts. In a Wednesday press conference, Fed Chairman Jerome Powell said that while short-term inflation projections are