Fed Maintains Rates Amid Inflation Concerns and Economic Projections
TL;DR Summary
The Federal Reserve kept interest rates steady at 4.25-4.5% but projects higher inflation and slower growth this year, with plans for two rate cuts later in 2023 amid economic uncertainty and trade tensions, emphasizing patience until clearer economic signals emerge.
- Fed leaves rates steady, projects higher inflation Axios
- Fed holds interest rate steady for fourth time in a row CNN
- Fed decision recap: Central bank signals stagflation fears, Powell says Fed ‘well positioned to wait’ on rates CNBC
- Federal Reserve Board and Federal Open Market Committee release economic projections from the June 17-18 FOMC meeting Federal Reserve Board (.gov)
- Federal Reserve Chair Holds News Conference C-SPAN
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