Fed Announce No Immediate Relief to Interest Rates, But Cuts on the Way
Consumers hoping for relief from the elevated Fed interest rate will have to wait further, as The Federal Reserve announced on Wednesday it is holding steady on its 5.25-5.50% lending rate in a continued effort to combat inflation. The 23-year-high, which peaked in July 2023, has remained unchanged following five consecutive policy meetings. Policymakers insist […]