From Investing.com: 2024-05-01 14:24:03

The Federal Reserve hinted at keeping interest rates higher for longer due to stalling inflation, slowing its quantitative tightening, and citing lack of progress towards its 2% inflation goal. Inflation data surprises have ended expectations for multiple rate cuts this year. Tightening financial conditions may help curb inflationary pressures. The Fed will reduce its balance sheet by allowing $25 billion in treasuries to roll off each month from June onwards.



Read more at Investing.com: Fed keeps rates on hold as disinflation stalls; slows pace of QT By Investing.com