The Federal Reserve has left interest rates unchanged, maintaining a target range for the federal funds rate at 5.25 to 5.5%. In the statement, FOMC officials say the Committee “judges that the risks to achieving its employment and inflation goals are moving into better balance.”
The March release also includes an updated Summary of Economic Projections. That release shows nine officials see three rate cuts in 2024.
Yahoo Finance Federal Reserve Reporter Jennifer Schonberger reports on the Fed’s decision.
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Maybe cut out welfare when you cut interest rates
The Fed needs to be done away with.
They’re still predicting 3 rate cuts even though the last several CPI and PPI reports have been hotter than expected. The fed has no spine and continues to crush the middle class. Powell needs to resign.
There won’t be a rate cut in June as $4+ ⛽ will return this summer 🏖 as ukraine uses American drones to blowup Russian oil 🛢 facilities and equals higher prices at the pump ⛽ for American drivers which in turn means more INFLATION!
Maybe 1 cut but might be 0
The fed is a joke, how can they still be thinking about cutting rates when inflation is sticky and prices of essential items and housing are at all time highs? Their only concern is keeping their own as well as their wall street cronies’ asset values inflated. A correction is what we need but the fed couldn’t give two hoots about the damage inflation has caused to main street