Fed hold rates but concerned on inflation

The Federal Reserve left US interest rates unchanged Wednesday 9 May and acknowledged that the economy is slowing.

The benchmark interest rate on overnight loans remains at 5.25 percent -- the same level it has been since the Fed began its "pause" nearly a year ago.

"Core inflation remains somewhat elevated," the Fed said in a statement with its decision. "Although inflation pressures seem likely to moderate over time, the high level of resource utilization has the potential to sustain those

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: