Federal Reserve Chair Jerome Powell announced interest rates will remain unchanged in a press conference on May 1, 2024. Powell cited plans to hold rates steady as the Federal Open Market Committee (FOMC) sees ‘a lack of further progress on inflation returning to its 2% target.’ #yahoofinance #finance #news #youtubeshorts #youtube #shorts #shortsvideo #investingforbeginners #investing #stockmarket #stocks #2024 #2024shorts #fed #federalreserve #jeromepowell #powell #interestrates #inflation #inflationnews #useconomy #federal #rate #interestrate #icymi #recap #fed #live
Description: Federal Reserve Chair Jerome Powell announced interest rates will remain higher-for-longer on May 1, 2024. The FOMC maintained a target range for the federal funds rate at 5.25 to 5.5%, the highest since 2001. #yahoofinance #finance #news #youtubeshorts #youtube #shorts #shortsvideo #investingforbeginners #investing #stockmarket #stocks #stockoptions #fed #federalreserve #jeromepowell #inflation #interestrates #interest #rate
