The Federal Reserve maintained its benchmark interest rate on Wednesday in a range of 5.25%-5.50%, the highest since 2001, and cautioned it won’t cut rates until it has greater confidence that inflation is moving down sustainably.
Though Fed officials noted that the risks to achieving price stability and maintaining full employment are “moving into better balance.”
The Fed completely stripped out language from prior statements that previously left room for rate hikes. https://finance.yahoo.com/news..../federal-reserve-lea
Like
Comment
Share
