The Federal Reserve is expected to keep interest rates steady Wednesday, at what is likely to be Chair Jerome Powell’s last policy meeting as the leader of the world’s most influential central bank. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Last week, a clear path opened up … Read more
Federal Reserve announces it will hold interest rates steady – CBS News Watch CBS News The Federal Reserve announced Wednesday it would hold interest rates steady at 3.5% to 3.75%. CBS News’ Kelly O’Grady reports. Source link
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, marking the central bank’s second consecutive pause in 2026. The Fed maintained the federal funds rate — what banks charge each other for short-term loans — in its current range of 3.5% to 3.75%. The decision to keep rates steady was widely expected by … Read more
Steady (but low) inflation could be causing gold investors to reconsider their approach now. Andriy Onufriyenko/Getty Images An eagerly awaited inflation report released Wednesday may not have revealed the result investors were hoping for. Inflation in February remained identical to what it was in January, with the rate staying put at 2.4%. While that’s still … Read more
The Consumer Price Index rose at an annual rate of 2.4% in February, unchanged from the prior month and representing a cooler pace than economists had forecast. The Labor Department data captures the period before the Iran war broke out in late February. Since then, oil prices have surged, driving inflation concerns among investors. “Inflation was starting to ease in … Read more