Top Insights from the US Federal Reserve's Interest Rate Announcement and Jerome Powell's Press Briefing
Jammu, March 21 -- US Fed Chair Jerome Powell said that the central bank is still not ready to lower borrowing costs just yet. Here are key takeaways
The US Federal Reserve held its key interest rate steady for the fifth consecutive meeting and said that it awaits more data to determine when to cut rates. Over the past two years, the Fed has raised rates aggressively to fight the highest inflation in decades.
But US Fed Chair Jerome Powell said that the central bank is still not ready to lower borrowing costs just yet. Here are key takeaways from US Fed Chair Jerome Powell's news conference:
The Fed kept interest rates unchanged at 5.25% to 5.5%. This was largely expected but the Fed kept the median projection for rate cuts this year u...
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