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Federal Reserve officials are poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected inflation. The Federal Open Market Committee will hold the target range for its benchmark rate at 5.25% to 5.5% — a two-decade high first reached in July — at the conclusion of its ...
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The two-day FOMC monetary policy meeting concludes on Wednesday, May 1 at 2:00 ET. FOMC Chairman Powell’s press conference starts at 2:30 ET. FOMC Meeting Expectations Economists overwhelmingly expect the Federal Reserve to leave interest rates unchanged in the 5.25-5.50% range, with every single one of the 100 economists surveyed by Reuters expecting the ...
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