Federal Reserve leaves interest rates unchanged

Updated at 2:42 p.m.

Associated Press

05/01/2024

FEDERAL RESERVE Board chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington. The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. /ASSOCAITED PRESS FILE PHOTO/SUSAN WALSH

WASHINGTON (AP) – The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber