In line with investor expectations, the Federal Reserve decided to pause its interest rate hike campaign at its June Federal Open Market Committee meeting. However, the Fed's Summary of Economic Projections indicates the central bank will pass another two rate hikes this year. The current interest…
After 10 straight rate hikes, the Federal Reserve left interest rates unchanged Wednesday, but hinted that additional rate hikes are possible if inflation remains stubbornly high.
The Federal Reserve is expected to keep interest rates steady, ending a long streak of increases, as policymakers assess the state of the economy. But inflation remains stubbornly high and officials have suggested they might lift rates again in July.
After pushing interest rates up at a blistering pace — 10 straight hikes over 15 months — the Federal Reserve on Wednesday opted at its latest meeting to take a pause. Here’s what that means for interest rates affecting consumers.
The Federal Reserve announced Wednesday that it is pausing its interest rate hikes, showing that officials believe they are having success in bringing down inflation.
Something of a neutral report on consumer-level inflation in the U.S. economy should give the Federal Reserve reason to pump the brakes on additional rate hikes for now, analysts said Tuesday.
The Federal Reserve said in a Wednesday statement the decision to hold the rate steady allows it to “assess additional information and its implications for monetary policy.”
WASHINGTON -- The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections that borrowing costs will likely rise by another half of a percentage point
The Federal Reserve paused its 15-month interest rate hike campaign on Wednesday after government data pointed to a sharp slowdown in inflation last month.
By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve said Wednesday it would pause its historic rate-hiking campaign as it waits for the effects to trickle further through the economy, but signaled that additional rate hikes are likely this year.
