The Fed Keeps Current Lending Rate, Signals Possible Hike Later
On Wednesday, the U.S. Fed completed its latest FOMC meeting with a decision to keep benchmark lending rates at their current level due to uncertainty about inflationary pressures arising from high energy prices due to the Middle East conflict. However, the policymakers signaled that there could be a rate hike later this year if inflation doesn’t slow down. This FOMC meeting was the first with new Fed chair Warsh at the helm and markets were eager to see what immediate impact he would have on the Fed’s direction after taking over from Jerome Powell. Analysts noted that the statement released…
