US Fed Meeting Outcome LIVE Updates: Powell-led FOMC to announce policy decision today, likely to hold key rates steady

Usa markets Target Updates

01.05.2024 - 11:53

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livemint.com:

US Fed Meeting Outcome LIVE Updates: The US Federal Reserve will announce its interest rate decision today after a two-day Federal Open Market Committee (FOMC) meeting, and is widely expected to leave the benchmark interest rates unchanged at 5.25 per cent - 5.50 per cent for for the sixth straight meeting, in line with Wall Street estimates. Stay tuned to our US Fed Meeting Live blog for the latest updates on FOMC meeting outcome.The US Federal Reserve will announce its third policy decision for 2024 on Mary 1.

The US central bank has lifted its key lending rate to a 23-year high of between 5.25 and 5.50 per cent as part of a long-running battle to bring high inflation back down firmly to its long-term target of two per cent. Download the App to get 14 days of unlimited access to Mint Premium absolutely free!

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