US Fed says rates will stay at 2-decade high
The Federal Reserve emphasized Wednesday that inflation has remained stubbornly high in recent months and said it does not plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2 percent target. The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of roughly 5.3 percent. Several hotter-than-expected reports on prices and economic growth have recently undercut
May 2, 2024