📈 The Fed holds rates steady and flags ‘lack of further progress’ on inflation, waiting for sustainable movement towards 2%. #economy 🏦
The Federal Reserve said it “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably towards 2%.”
https://www.autonews.com/finance-insurance/interest-rates-unchanged-inflation-risk-still-looms