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Don't hold out for rate cuts

11 1
02.05.2024
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Presented by BP — The Fed may not cut until November.

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Business & Economy


Business & Economy

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The Big Story

High interest rates aren't going anywhere

The central bank doesn't expect to cut rates anytime soon as progress on inflation plateaus, Federal Reserve Chair Jerome Powell told reporters Wednesday.

© Allison Robbert

The Federal Open Markets Committee (FOMC), the central bank committee tasked with setting monetary policy, voted Wednesday to keep the federal funds rate at a range of 5.25 percent to 5.5 percent, where it has been since July.

While the Fed signaled at the end of last year it would start cutting........

© The Hill


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