Source: Axios
“The Federal Reserve held interest rates steady on Wednesday for the sixth straight time and acknowledged a ‘lack of further progress’ on cooling inflation. The latest economic data show prices are still rising too quickly, complicating the Fed’s projections of lower interest rates this year. The Federal Open Market Committee, the monetary policy-setting body of the central bank, kept its target interest rate in a range between 5.25% and 5.5% — where it has been since last July.” (05/01/24)
https://www.axios.com/2024/05/01/fed-interest-rates-may-decision-update