From Investing.com.: 2024-05-01 15:25:15

The Federal Reserve hints at extended higher interest rates due to disinflation concerns following an unchanged rate decision. The FOMC keeps rates steady in a range of 5.25% to 5.5% due to lack of further progress toward the 2% inflation goal. Investors scale back rate cut expectations to only one this year amidst surprise upside inflation data. Fed Chair Powell indicates delay in rate cuts due to recent inflation trends, ruling out hikes for now. Fed to slow balance sheet reduction program next month, reducing Treasury securities roll off to $25 billion a month from $60 billion.



Read more at Investing.com.: Fed keeps rates on hold as disinflation stalls, but downplays prospect of hikes By Investing.com