The Federal Reserve has left interest rates unchanged, maintaining a target range for the federal funds rate at 5.25 to 5.5%. In the statement, FOMC officials say the Committee "judges that the risks to achieving its employment and inflation goals are moving into better balance." The March release also includes an updated Summary of Economic Projections. That release shows nine officials see three rate cuts in 2024. Yahoo Finance Federal Reserve Reporter Jennifer Schonberger reports on the Fed's decision. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
The Federal Reserve has left interest rates unchanged, maintaining a target range for the federal funds rate at 5.25 to 5.5%. In the statement, FOMC officials say the Committee "judges that the risks to achieving its employment and inflation goals are moving into better balance."
The March release also includes an updated Summary of Economic Projections. That release shows nine officials see three rate cuts in 2024.
Yahoo Finance Federal Reserve Reporter Jennifer Schonberger reports on the Fed's decision.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich.
Federal Reserve officials didn’t significantly change their outlook for delivering interest rate cuts later this year despite solid growth and firmer-than-anticipated inflation in recent months. The central bank held steady its benchmark federal-funds rate in a range between 5.25% and 5.5%, a 23-year high. The economic projections released Wednesday were the subject of intense focus on Wall Street because investors crave more information about how inflation readings for January and February influenced the Fed’s outlook.
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