Fed Holds Rates Steady
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8hon MSN
The Fed subtly signaled that only rate cuts are on the table. Some Fed officials are crying foul
One word in the Fed’s lengthy policy statement has caused consternation among its officials, with some warning that it could end up costing the economy.
Expectations of rate cuts this year have fallen significantly, even as Kevin Warsh, a Trump nominee, gets set to replace Jerome Powell as Fed chair.
Cleveland Fed president Beth Hammack said Friday that while she supported holding interest rates steady at this week's Fed policy meeting, she dissented because she did not favor language in the policy statement maintaining a bias towards cutting interest rates.
The Federal Reserve made headlines in April by choosing to hold interest rates steady, extending an ongoing pause. Of course, that pause wasn’t exactly a surprise. Inflation soared in March in the wake of the Iran conflict.
The Federal Reserve concluded its third meeting of the year by maintaining the federal funds rate at 3.50%–3.75%.
By Howard Schneider and Michael S. Derby WASHINGTON, May 1 (Reuters) - Federal Reserve officials who dissented against this week's policy statement said on Friday the developing oil price shock from the war in Iran means the U.
A historic level of dissent within the Federal Open Market Committee may mark a dubious turning point for the stock market.
The Federal Reserve is keeping interest rates paused. Here's what that may mean for mortgage interest rates.