No Rate Cuts in Sight: Federal Reserve Expected to Hold Steady on Rates with a 'Bumpier Path' to 2% Inflation from fed world Watch Video
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⏲ Duration: 0:40 👁 View: 25K times ✓ Published: 01-May-2024
Description: The Federal Reserve is expected to maintain the benchmark federal funds rate at around 5.3% during their meeting due to higher-than-expected inflation in the first quarter. Rate cuts are likely to be postponed, and officials may stress their willingness to keep rates at a level that significantly restrains economic activity for a longer period. Fed Chair Jerome Powell is anticipated to discuss the recent inflation setback and its effect on the interest-rate outlook, with the possibility of either a \
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