The Federal Reserve announced it will not cut rates today, maintaining the target range for the federal funds rate at 4.25% to 4.5%. “In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will...
Federal Reserve Governor Christopher Waller said the U.S. economy was “within striking distance” of the central bank’s goal of a 2% inflation rate, but he cautioned against pushing for interest rate cuts until a lower inflation environment was sustainable....