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HomeMarket NewsUS Fed Meeting LIVE Updates: Powell-led FOMC holds rates steady; Trump says he won’t lower China tariffs
US Fed Meeting LIVE Updates: US Federal Reserve officials held interest rates steady for a third-straight meeting and emphasised they see a growing risk of both higher inflation and rising unemployment. "Uncertainty about the economic outlook has increased further," the Federal Open Market Committee said in a statement Wednesday (May 7) at the conclusion of a two-day meeting in Washington. "The committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen."
US Fed Meeting LIVE Updates: US Federal Reserve officials held interest rates steady for a third-straight meeting and emphasised they see a growing risk of both higher inflation and rising unemployment. "Uncertainty about the economic outlook has increased further," the Federal Open Market Committee said in a statement Wednesday (May 7) at the conclusion of a two-day meeting in Washington. "The committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen." Officials voted unanimously to keep the benchmark federal funds rate in a range of 4.25% to 4.5%, where it has been since December.
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