Reported 4 months ago
Federal Reserve officials are likely to maintain their stance and seek more evidence despite receiving reassurance that inflation is trending downwards. The latest government data shows a slowdown in underlying inflation, along with reduced consumer spending in April. While this moderation aligns with the Fed's goals of avoiding rapid price growth, policymakers are expected to wait for further confirmation before considering lowering interest rates. The upcoming June meeting will likely involve discussions on the effectiveness of current interest rates and future policy moves.
Source: YAHOO