Key Takeaways From Fed Rate Pause and Forecasts for Further Hikes
Here are key takeaways from the Federal Reserve's interest-rate decision and statement on Wednesday: Federal Open Market Committee unanimously holds benchmark rate in target range of 5%- 5.25%, as expected, in first pause since starting cycle of increases in early 2022, to “assess additional information and its implications for monetary policy” New projections show policymakers favor a half-point of additional increases this year, which would push borrowing costs to about 5.6% -- higher than mos
Source: yahoo.com
