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MNI: Fed Holds Rates, Cites Lack Of Inflation Progress

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.

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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