Fed officials also bumped up their estimates of economic growth and inflation in 2024. The decision leaves the Fed's benchmark short-term rate at a 23-year high of 5.25% to 5.5% for a fifth straight meeting. After hiking the rate from near zero since March 2022 to wrestle down high inflation, the central bank has stood pat since July as consumer price increases moderated substantially. Wednesday's move means Americans will keep paying higher borrowing costs as the Fed battles to slow sharp price rises.
Diese Geschichte stammt aus der March 21, 2024-Ausgabe von The Free Press Journal.
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Diese Geschichte stammt aus der March 21, 2024-Ausgabe von The Free Press Journal.
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Batting on virgin pitches is tough, feels Markram
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