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WATCH LIVE: Fed Chair Powell speaks after decision to hold interest rates steady
The Federal Open Market Committee (FOMC) maintained its benchmark interest rate in the 4.25%-4.5% range, unchanged. Alongside the decision, the Fed revised its economic outlook, lowering its growth projection for the year to 1.7%.
Policymakers also raised their inflation expectations, signaling persistent price pressures. Moreover, the Fed announced a further reduction in its âquantitative tighteningâ pr...
>>> Read more: WATCH LIVE: Fed Chair Powell speaks after decision to hold interest rates steady
The Federal Open Market Committee (FOMC) maintained its benchmark interest rate in the 4.25%-4.5% range, unchanged. Alongside the decision, the Fed revised its economic outlook, lowering its growth projection for the year to 1.7%.
Policymakers also raised their inflation expectations, signaling persistent price pressures. Moreover, the Fed announced a further reduction in its âquantitative tighteningâ pr...
>>> Read more: WATCH LIVE: Fed Chair Powell speaks after decision to hold interest rates steady
