Federal Reserve maintains interest rates at two-decade highs due to lack of progress in controlling inflation.
The Federal Reserve maintains interest rates at two-decade highs, citing lack of progress in controlling inflation. Despite recent data suggesting continued price pressures, the Fed requires more evidence before considering rate cuts. Officials believe more time is needed to ensure price gains are genuinely subsiding before adjusting monetary policy, aiming for a stable economy and 2% inflation target.
May 01, 2024
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