fed holds rates steady raises inflation outlook
The Federal Reserve held interest rates steady at its first meeting under new leadership. Officials raised their inflation projections for the end of the year.
Topic cluster
steady
4 sources grouped by AFBytes in Monetary System
AFBytes briefing
Steady rates and higher inflation forecasts influence mortgage costs, savings yields, and consumer prices across the economy.
Key entities
- Federal
- Reserve
- Wednesday
- Chair
- Kevin
- Sang-ho
- Song
- The U.s. Federal Reserve
- US Federal Reserve
- Warsh
What to watch next
- Next CPI release and subsequent FOMC minutes will clarify whether inflation expectations are materializing.
- The next FOMC statement release will clarify whether the projected hike timing has shifted.
- The next FOMC meeting statement and updated dot plot will indicate whether officials follow through on the projected rate path.
- The next key signal will be the upcoming Consumer Price Index release and any subsequent Fed speakers comments on inflation progress.
Fed holds rates steady projects one hike this year
The Federal Reserve left its benchmark rate unchanged under new leadership. Policymakers still project one rate increase before year end.
Fed holds rates steady and raises inflation forecast
The Federal Open Market Committee maintained the federal funds rate in the current target range. Officials raised their inflation projection and signaled the possibility of a rate increase before yea…
Fed keeps rates steady for fourth time under new chair
The Federal Reserve left its key interest rate unchanged for the fourth straight time. The decision came during the first policy meeting under new Chair Kevin Warsh.