Fed Stands Pat as Inflation Fight Drags On
The Federal Reserve left interest rates unchanged and signaled that a recent lack of progress on the inflation front calls for borrowing costs to remain high.
The Federal Reserve left interest rates unchanged and signaled that a recent lack of progress on the inflation front calls for borrowing costs to remain high.
The US economy grew at a slower pace in the first quarter while price pressures held firm, further complicating the outlook for central banks.
Iran’s missile and drone attack on Israel drew renewed attention this week to an apparent rise in geopolitical risks.
Persistent inflation in March put another dent in the case for rate cuts by the Federal Reserve.