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Federal Reserve holds interest rates steady

The Fed announced it's leaving interest rates unchanged for now. It comes as the central bank is projecting fewer cuts for 2024, despite cooling inflation.

United statesDonald trumpLawrence yunJoe bidenJerome powellGreg mcbrideFederal reserveNational association of realtorsReserve chair jerome powellWednesday the fedConsumer price index reportChief financial analyst gregNational associationPresident donald trumpPresident joe biden

Fed holds interest rates steady, projects just one cut this year

The Federal Reserve on Wednesday held interest rates steady for the seventh straight time and scaled back the outlook for rate reductions later this year as high inflation lingers.

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US delays interest rate cut and holds at 20-year high as inflation cools

US delays interest rate cut and holds at 20-year high as inflation cools
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Federal Reserve interest rate decision is a gift to Trump

On Wednesday, the Federal Reserve announced it is leaving interest rates unchanged at around 5.3%, their highest level since 2001.

United statesWhite houseDistrict of columbiaJoe bidenDonald trumpJerome powellEuropean central bankFederal reserveReserve chair jerome powellPresident joe bidenEarlier wednesdayConsumer price indexGroundwork collectiveNew york time peter coy