The move marks a significant pivot in US monetary policy and a recognition of the Fed's growing comfort with inflation continuing to ease to its target. It is currently about half a percentage point above it.
"The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks," the Fed said in a statement.
The PCE price index rose at an annual rate of 2.7 percent in March, up 0.2 percentage points from a month earlier
The US Federal Reserve voted Wednesday to keep interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year
The Federal Reserve System (Fed), the arbiter of monetary policy in the US, is facing a number of challenges
The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024
The US Federal Reserve is widely expected to hold interest rates at a 22-year high for a third consecutive meeting on Wednesday as it continues to fight elevated inflation.
What happened to the 40-year-old bank that was so highly regarded among all stakeholders in America’s tech sector?
Investors are gauging whether the US Federal Reserve has reached the peak of its aggressiveness in hiking rates, with some saying they're ready to up risky positions again.
The move marks a significant pivot in US monetary policy and a recognition of the Fed's growing comfort with inflation continuing to ease to its target. It is currently about half a percentage point above it.
"The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks," the Fed said in a statement.
The PCE price index rose at an annual rate of 2.7 percent in March, up 0.2 percentage points from a month earlier
The US Federal Reserve voted Wednesday to keep interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year
The Federal Reserve System (Fed), the arbiter of monetary policy in the US, is facing a number of challenges
The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024
The US Federal Reserve is widely expected to hold interest rates at a 22-year high for a third consecutive meeting on Wednesday as it continues to fight elevated inflation.
What happened to the 40-year-old bank that was so highly regarded among all stakeholders in America’s tech sector?
Investors are gauging whether the US Federal Reserve has reached the peak of its aggressiveness in hiking rates, with some saying they're ready to up risky positions again.
Finance Minister AMA Muhith says the investigation report on reserve heist of the Bangladesh Bank is not being made public as a case is pending with a court in the Philippines.