Fed publishes interest rates regularly Warning about inflation
May 2, 2024 at 1:07 pm
The Federal Reserve’s Monetary Policy Committee (FOMC) has decided to maintain short-term interest rates at 5.25-5.50 percent indefinitely. This is the highest level in more than 23 years, as expected by the market. And this is the sixth time in a row that the interest rate has been set according to The Fed’s statement: The general economic outlook remains uncertain. And we still need to be careful about the risk of inflation For several months now, the Fed has kept interest rates high to slow down inflation. causing inflation in the United States It continued to decline last year. Therefore, it is expected that interest rates could be cut several times this year. But of the prices of products that have increased in the last few months. This means that hopes of seeing the Fed cut interest rates in the middle of this year must be put on hold. However, the US Federal Reserve is expected The first rate cut may begin before the US presidential election. this November
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