Federal Reserve says interest rates will stay at 2-decade high until inflation further cools

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.

<p>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 &quot&#x3B;g

com/article/50992745/slow-growth-inflation-deliver-economic-double-whammy-to-kick-off-24" rel="follow" target="_blank">economic growth</a> have recently undercut the Fed's belief that <a href="https://www.ksl.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

KSLcom /  🏆 549. in US

Traffic Weather Sports Classifieds Cars Jobs Homes Television Radio Salt Lake Utah Local

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Text of the policy statement the Federal Reserve released WednesdayWASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that
Read more »

Text of the policy statement the Federal Reserve released WednesdayWASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:
Read more »

Fed's Bowman: Inflation progress slows and possibly haltsFederal Reserve (Fed) Governor Michelle Bowman said Wednesday that inflation progress slows and possibly halts.
Read more »

Fed Minutes Preview: Looking at hints of policy pivotThe Federal Reserve (Fed) will release the minutes of the March policy meeting on Wednesday.
Read more »

Watch Fed Chair Powell speak live at Stanford policy conference economic forumFederal Reserve Chair Jerome Powell speaks Wednesday to the Stanford Business, Government and Society forum.
Read more »

Interest rates not changing until inflation cools, Federal Reserve saysThe Federal Reserve announced its decision to maintain its key interest rate at a two-decade high of roughly 5.3% amid ongoing concerns about high inflation.
Read more »