FOMC Leaves Funds Rate Unchanged; Announces Moderation of QT

– Powell: Will Take Longer To Be Confident Inflation Headed to 2% – Rates Could Go Higher If FOMC Persuaded Not ‘Sufficiently Restrictive” – QT Dialed Back To ‘Smooth’ Balance Sheet Normalization, Not Help Economy By Steven K. Beckner (MaceNews) – The Federal Reserve left short-term interest rates unchanged Wednesday and signaled further delay of […]

FOMC Cites ‘Lack of Progress’ on Inflation; Need More Confidence Before Any Rate Cut

WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations that it would hold steady on its policy interest rate while restating that there will be no rate cut until it has greater confidence that the inflation rate is declining toward its target. The FOMC policy statement follows with boldfacing added for emphasis: Recent […]