Scroll Down
Fed Holds Overnight Rate as a Precaution
Over Near-Term Inflation Pressures
The Fed continues rate pause. Turbulent macroeconomic conditions led the Federal Open Market Committee to hold the overnight lending rate steady at the lower bound of 3.5 percent at its third meeting of the year. The FOMC maintains that the current rate aligns with its dual mandate. However, committee members remain open to future adjustments as warranted by incoming data. Most Wall Street participants continue to believe that no rate change will occur this year.