From The New York Times: 2024-05-01 14:03:50

The Federal Reserve officials decided to maintain interest rates and expressed concerns about persistent inflation, potentially signaling prolonged high borrowing costs. Despite expectations for three rate cuts in 2024, recent inflation trends have reduced the likelihood of reductions, with economists and investors anticipating only one or two cuts this year, if any. The Fed’s cautious approach reflects uncertainty about the economy’s future direction.



Read more at The New York Times: What to Watch for at Today’s Fed Meeting on Interest Rates