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Federal Reserve Keeps US Interest Rates Unchanged

Mohamed Abdelhamid 1 May, 2024 10:03 pm Breaking News, Forex Market, Market Update

The Federal Open Market Committee decided to keep interest rates unchanged at its meeting that concluded today, Wednesday, and investors and observers are awaiting the press conference held by Federal Reserve Chairman Jerome Powell in an attempt to obtain guidance on the future interest rate path and the central bank’s approach regarding tightening monetary policy and when the first cut will be decided. for interest rate.

The US Federal Reserve announced the monetary policy decisions after its April 30-May 1 policy meeting on Wednesday, leaving interest rates unchanged at 5.25%-5.5% for the sixth straight meeting.

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