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The Federal Reserve left interest rates unchanged on Wednesday and reiterated plans to hold rates steady, noting there has been lack of further progress on inflation dropping.
The central bank voted to keep its benchmark interest rate in a range of 5.25%-5.50% at the conclusion of its two-day policy meeting, a 23-year high. The fed funds rate has been in this range since July 2023.
Fed officials said in a policy statement, âIn recent months, there has been a lack of further progress towar...
>>> Read more: Fed holds interest rates at 23-year high, citing 'lack of further progress' on inflation
The central bank voted to keep its benchmark interest rate in a range of 5.25%-5.50% at the conclusion of its two-day policy meeting, a 23-year high. The fed funds rate has been in this range since July 2023.
Fed officials said in a policy statement, âIn recent months, there has been a lack of further progress towar...
>>> Read more: Fed holds interest rates at 23-year high, citing 'lack of further progress' on inflation
