Reported 3 months ago
The Federal Reserve is expected to maintain its current interest rates but signal possible cuts in September. As inflation shows signs of progress towards the Fed's target, officials are likely to soften their stance. Economists predict a hold of rates at 5.25%-5.5% during the upcoming FOMC meeting, with an acknowledgment of improved inflation data and unemployment trends. Chair Jerome Powell will address these developments in a post-meeting press conference.
Source: YAHOO