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Powell: Economy Progresses but Inflation Still ‘Too High’ to Adjust Benchmark Rate
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Powell: Economy Progresses but Inflation Still ‘Too High’ to Adjust Benchmark Rate

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Source: Bitcoin.com

Powell: Economy Progresses but Inflation Still 'Too High' to Adjust Benchmark RateOn Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving sustainably” toward the 2% target. Fed Pauses Rate […]

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Author: Jamie Redman

Related posts:

  1. US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994
  2. Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements
  3. Peter Schiff Warns Economic Downturn in the US ‘Will Be Much Worse Than the Great Recession’
  4. US Inflation Remains Higher Than Expected, Raising Concerns Among Investors
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