The Federal Reserve leaves interest rates unchanged in May 2024
Following highly anticipated inflation figures this month, the Federal Reserve has chosen to leave interest rates unchanged in May 2024. The decision was expected, with the June FOMC meeting coming to a close as interest rates remained at 5.25% to 5.50%.
The Federal Reserve's decision means interest rates remain at a 23-year high as markets now await a statement. This is considered the most important part of the Fed's response to inflation data and how it can inform their future decisions. Specifically, Fed Chairman Jerome Powell should provide some details about the agency's next move.
