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WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Economic activity expanded at a modest pace in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low.
For release at 2:00 p.m. EDT May 3, 2023 Economic activity expanded at a modest pace in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sou... | 02:16pm
Fed funds target raised to 5.0% to 5.25% range
3May2023,20:06 TheFederalReservehikedratesby25bpsonMarch22afteratumultuousperiodforregionalbanks.Ialwaysfind...
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