Fed Holds Rates Steady, Notes “Progress” On Inflation 7/31/24

from Power Lunch · host CNBC

Federal Reserve officials held short-term interest rates steady, but indicated that inflation is getting closer to its 2% target. Central bankers made no obvious indications that a rate cut was imminent. Instead, they maintained that more progress is needed before cuts can happen.We’ll break down what that means for both markets and your money, right up until Fed Chair Jerome Powell’s press conference. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What this episode covers

Federal Reserve officials held short-term interest rates steady, but indicated that inflation is getting closer to its 2% target. Central bankers made no obvious indications that a rate cut was imminent. Instead, they maintained that more progress is needed before cuts can happen. We’ll break down what that means for both markets and your money, right up until Fed Chair Jerome Powell’s press conference.

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Fed Holds Rates Steady, Notes “Progress” On Inflation 7/31/24

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This episode was published on July 31, 2024.

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