Federal Reserve Announces Unchanged Rates and Balance Sheet Strategy Update
Wednesday, 1 May 2024, 18:11
Fed's Decision on Interest Rates
The Federal Reserve opted to keep interest rates unchanged in response to current economic conditions.
Balance Sheet Reduction Strategy Update
The committee acknowledged a 'lack of further progress' towards the 2% inflation target and revised its balance sheet reduction plan accordingly.
Conclusion: The Fed's decision to hold rates steady and adjust the balance sheet strategy reflects concerns about inflation and aims to support economic stability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.