The Federal Reserve held interest rates regular on Wednesday and pushed out the beginning of price cuts to maybe as late as December, with officers projecting solely a single quarter-percentage-point discount for the yr amid rising estimates for what it should take to maintain inflation in examine.
Announcement got here following Wednesday’s inflation numbers, which eased in May
Thomson Reuters ·
U.S. Federal Reserve Chairman Jerome Powell is pictured. The Federal Reserve held interest rates regular on Wednesday and pushed out the beginning of price cuts to maybe as late as December, with officers projecting solely a single quarter-percentage-point discount for the yr amid rising estimates for what it should take to maintain inflation in examine. (Kevin Lamarque/Reuters)
The Federal Reserve held interest rates regular on Wednesday and pushed out the beginning of price cuts to maybe as late as December, with officers projecting solely a single quarter-percentage-point discount for the yr amid rising estimates for what it should take to maintain inflation in examine.
