As universally expected, the Federal Open Market Committee (FOMC) left its target range for the federal funds rate unchanged at 4.25%-4.50% on Wednesday. With inflation remaining stubbornly above ...
The Fed left interest rates on hold at its January meeting and signaled that it was in no hurry to cut rates further. U.S. money markets currently price in just under two 25 basis-point rate cuts this ...
The central bank is on hold with interest rates until the inflation picture improves. Consumer prices were 2.3% higher in January than the first month of 2024, down from a 2.6% rise in December. As ...