14.7 C
Los Angeles
Sunday, January 12, 2025

Fed says it’s not ready to cut rates until ‘greater confidence’ inflation is moving to 2% goal

MarketFed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal


Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates, minutes released Wednesday showed.

This is breaking news. Please check back for updates.



Source link

Check out our other content

Check out other tags:

Most Popular Articles