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WASHINGTON -- The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn't plan to cut interest rates until it has "greater confidence" that price increases are slowing sustainably to its 2% target.
WASHINGTON — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater
WASHINGTON -- The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn't plan to cut interest rates until it has "greater confidence" that price increases are slowing sustainably to its 2% target.
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 ho...
The fundamentals suggest inflation should still be headed down, but the Fed isn’t betting on that.