No Rate Cuts in Sight: Federal Reserve Expected to Hold Steady on Rates with a 'Bumpier Path' to 2% Inflation from chair payer or chotto Watch Video

⏲ Duration: 0:40
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✓ Published: 01-May-2024

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The Federal Reserve is expected to maintain the benchmark federal funds rate at around 5.3% during their meeting due to higher-than-expected inflation in the first quarter. Rate cuts are likely to be postponed, and officials may stress their willingness to keep rates at a level that significantly restrains economic activity for a longer period. Fed Chair Jerome Powell is anticipated to discuss the recent inflation setback and its effect on the interest-rate outlook, with the possibility of either a \