Fed holds rates steady
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The Federal Reserve concluded its third meeting of the year by maintaining the federal funds rate at 3.50%–3.75%.
The Federal Reserve chose to keep the federal funds rate the same in April.
The Fed will almost certainly keep interest rates steady at its meeting on Wednesday. Investors should pay attention to forward commentary from Chair Powell for any insights or discussion of new risks.
It's Fed decision day. It's also likely to be the last time that Jerome Powell presides over the Federal Reserve's policy committee. Follow our live coverage.
Analysts say the Fed's hold stance could provide tailwind for US assets. The US Federal Reserve is widely expected to keep interest rates unchanged at its upcoming April 28–29 meeting, as policymakers weigh the economic fallout from a surge in energy prices against signs of resilience in the labour market.
CNBC's Steve Liesman reports on news regarding the Federal Reserve.
Traders in the federal-funds futures market were pricing in potentially one interest-rate cut by the Federal Reserve in 2026, after disappointing data Friday on economic growth in the U.S. Fed-funds futures indicated a 40.7% chance that the Fed will lower ...