by Joseph Weber
The Federal Reserve on Wednesday kept its key interest rate but signaled one cut is expected before the end of the year.
The announcement was made at the end of the Federal Open Market Committee policymakers’ routine two-day meeting
Recently released forecasts show only slight optimism about inflation remains on track to falls to the Fed’s targeted 2% goal.
The annualize rate for May was 3.3%, the Bureau of Labor Statistics announced Wednesday.
– – –
Joseph Weber is a reporter for Just the News.
Reprinted with permission from Just the News
The post Federal Reserve Keeps Key Interest Rate, Signaled Just One Cut Is Expected Before Year’s End appeared first on The Florida Capital Star.