How Desire Paths can Transform your Branding and Public Relations
How Desire Paths can Transform your Branding and Public Relations
5 Steps to Creating Successful Ads

Fed leaves interest rates unchanged, says three cuts still planned [Video]

Categories
Small Business Funding

The Federal Reserve left interest rates unchanged at its March meeting for the fifth straight time as inflation remains high for many Americans. Policymakers also clarified that plans to cut rates may be pushed out further but remained committed to three this year. 

“The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks,” policymakers noted in a statement. 

Stocks rallied on the news, pushing the S&P 500 above 5,200 for the first time, on the view that rate cuts remain on the table. All three of the major averages are sitting at records. 

The decision, which was widely expected, keeps the federal funds rate between a range of 5.25% to 5.5%, a 22-year-high. This will also keep rates for mortgages, loans and credit cards at elevated levels. 

The CME’s FedWatch Toolhad expected as many as six rate cuts at the start of the year, but now with three baked in, the Federal funds rate would …

5 Steps to Building an Audience with #Hashtags
5 Steps to Building an Audience with #Hashtags
12 Steps to Create Videos