From Bloomberg: 2024-04-30 19:00:00

Federal Reserve officials are expected to maintain interest rates at a two-decade high of 5.25% to 5.5% for the sixth straight meeting. This decision comes after a recent report of higher-than-expected inflation, leading to a signal of no immediate plans for rate cuts in the near future. Chair Jerome Powell will hold a press conference following the rate decision announcement at 2 p.m. in Washington.



Read more at Bloomberg: Fed Meeting Preview May 2024: Powell to Signal Delay to Interest-Rate Cuts