| Wednesday, May 1, 2024 |
|
The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate on Wednesday following hotter-than-expected inflation and employment cost data. In its familiar refrain, the central bank left the federal funds target range untouched at 5.25% to 5.5% after its monthly meetings on Tuesday and Wednesday. Most investors and analysts expected…
The post Fed Holds the Line, Leaving Rates Unchanged in Ongoing Inflation Fight appeared first on RISMedia.
