The USFederal Reserve left today, April 29, interest rates unchanged at a range of 3.50%–3.75% for a third consecutive meeting, in line with market expectations, in what is expected to be Jerome Powell’s final meeting as chair before his term ends next month.
Fpur Federal Open Market Committee (FOMC) members dissented from the decision, with Stephen Miranvoting in favor ofa 25 basis-point rate cut.
The Fed said economic activity continues to expand at a solid pace, while the unemployment rate has remained broadly unchanged in recent months.
Inflation, however, remains elevated, partly reflecting higher energy prices.
The USFederal Reserve left today, April 29, interest rates unchanged at a range of 3.50%–3.75% for a third consecutive meeting, in line with market expectations, in what is expected to be Jerome Powell’s final meeting as chair before his term ends next month.
Fpur Federal Open Market Committee (FOMC) members dissented from the decision, with Stephen Miranvoting in favor ofa 25 basis-point rate cut.
The Fed said economic activity continues to expand at a solid pace, while the unemployment rate has remained broadly unchanged in recent months.
Inflation, however, remains elevated, partly reflecting higher energy prices.
