Free Trial

MNI: Fed Holds Rates, Cites Lack Of Inflation Progress

(MNI) WASHINGTON
FOMC also announced plans to reduce Treasury QT cap to USD25B per month, beginning June.  

The Federal Reserve kept interest rates on hold for a sixth meeting in a row Wednesday and noted a lack of improvement in recent inflation numbers, suggesting policymakers are in no rush to begin lowering interest rates.

"In recent months, there has been a lack of further progress toward the committee’s 2% inflation objective," the Fed said in its post-meeting statement.

Keep reading...Show less
337 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The Federal Reserve kept interest rates on hold for a sixth meeting in a row Wednesday and noted a lack of improvement in recent inflation numbers, suggesting policymakers are in no rush to begin lowering interest rates.

"In recent months, there has been a lack of further progress toward the committee’s 2% inflation objective," the Fed said in its post-meeting statement.

Keep reading...Show less