The Federal Reserve has decided to maintain interest rates steady at a 23-year high of 5.25-5.50%, marking the sixth consecutive meeting without a change. This decision comes amidst concerns that inflation has not sufficiently progressed towards the Fed's 2% target. Additionally, the Fed announced a significant reduction in the pace of its balance sheet reduction, lowering the monthly cap on Treasury securities redemptions from $60 billion to $25 billion starting in June. This adjustment reflects the central bank's cautious approach in response to recent economic data indicating persistent inflationary pressures. The Fed's wait-and-see posture could last well into the year if the economy doesn’t weaken.
Fed holds interest rates at 23-year high, citing 'lack of further progress' on inflation https://t.co/OFdJILlzcO by @Jenniferisms
#FederalReserve Chairman Jerome Powell announced on Wednesday the board decided to hold interest rates at between 5.25% to 5.5% as a means toward bringing #inflation down to a 2% rate. https://t.co/6z8EU7Yger https://t.co/cTZJqlt6MC
#Fed to slow pace of balance-sheet runoff starting in June. Central bank to lower Treasuries runoff cap to $25bn, from $60bn. Reduction was larger than market observers had expected. https://t.co/a6X7PMadkT https://t.co/LQ1HTUb6IN
Fed announces reduction in balance sheet runoff pace https://t.co/Y7CcLrLXiW https://t.co/HiwMYrYFMa
The Fed has kept the federal funds rate steady at 5.25% to 5.5%, aligning with market expectations. As for inflation: there's an acknowledgment of insufficient progress towards the 2% inflation goal, highlighting ongoing inflation concerns. 📷: https://t.co/L2ThIPKm9d https://t.co/vaeXR82GZo
The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. https://t.co/Vpnk3aQbck https://t.co/OzI0So51Ro
“The FOMC decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings at a slower pace,” Fed Chair Powell says. “Inflation has shown a lack of further progress toward our 2% objective, and we remain highly attentive to inflation risks.” https://t.co/BZjE7sBKfu
Fed Keeps Interest Rates Steady, Announces Slower-Than-Expected Pace Of Balance Sheet Runoff (UPDATED) Fed holds benchmark rate steady, indicating there has been a lack of further progress in pushing inflation toward 2% target. The Fed will slow Treasury securities reduction… https://t.co/z7aGA5NCUI
⚠️ FED ANNOUNCES REDUCTION IN BALANCE SHEET RUNOFF PACE Full Story → https://t.co/qNP8h51X3x The Federal Reserve announced plans on Wednesday to slow the speed of its balance sheet drawdown, after having spent much of the earlier part of the year warning of this shift. https://t.co/tAVE0lPjUx
US Federal Reserve holds interest rates steady as inflation ticks up https://t.co/bQxXKch2Vc
Fed says rates on hold at two-decade high until inflation further cools https://t.co/rYCMm8S2Lb https://t.co/bHeKMVxZI8
BREAKING NEWS THE FEDERAL RESERVE SAID IT WILL SHRINK ITS BALANCE SHEET AT A SLOWER PLACE BEGINNING IN JUNE The buyer of last resort is starting to get spooked.
Breaking from the Fed: "reducing the monthly redemption cap on Treasury securities from $60 billion to $25 billion." This is dovish and liquidity positive
Fed holds rates steady, hints rate cuts on hold until year-end https://t.co/3E8a8JuznX
The FED easing has begun. " Beginning in June, the Committee will slow the pace of the decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $60 Billion to $25 billion. " https://t.co/5vY53GCHGW
The Federal Reserve said it will shrink its balance sheet at a slower place beginning in June https://t.co/7nnz3GlyKo
Fed officials vote to hold interest rates steady at 23-year-high - here's what it means for YOUR wallet https://t.co/Tcuw2UCOaT https://t.co/0RG142LE3b
#BREAKING: The Federal Reserve voted to keep interest rates at a 23-year high as inflation has edged up, and the labor market remains strong, likely pushing potential rate cuts even later into the year. https://t.co/FbvZwrGqbs
Fed holds rates steady … upper bound at 5.5% https://t.co/bKW7UFJBYs
⚠️ INSTANT VIEW: FOMC HOLDS RATES IN PLACE AND WILL SLOW BALANCE SHEET DRAWDOWN Full Story → https://t.co/c3ZR4XMYeB The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having… https://t.co/ams0BzrDB6
The US Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25% to 5.5% as it continues a battle with recent rising inflation. https://t.co/aAKEtUs0Jf
The Federal Reserve said it will shrink its balance sheet at a slower place beginning in June https://t.co/8v3ZAp9JSl via @economics
JUST IN: Fed holds interest rates steady as 2024 cut gets more elusive https://t.co/GIyueklE1z https://t.co/GIyueklE1z
Fed tapering QT from $60 to $25 billion per month. This reduces the Treasury's funding hole (deficit + QT runoff) from ~$2.5 trillion to ~$2.08 trillion. https://t.co/qkUK2meJti
Fed to slow pace of balance sheet run-off: "Beginning in June, the Committee will slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $60 billion to $25 billion"
BREAKING: Fed holds interest rates, market reacts
Heads Up:🇺🇸 Fed Press Conference due at 18:30 GMT (15min) https://t.co/VLtFulUHdL
FEd to slow pace of balance sheet run-off "Beginning in June, the Committee will slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $60 billion to $25 billion" https://t.co/A1mwqaKJZb
Federal Reserve left interest rates unchanged, signaling fresh concerns about inflation as it reaffirmed it needs more evidence that price gains are cooling before cutting from a two-decade high. @mckonomy reports https://t.co/hHoZGyiOzh https://t.co/Na7CRawBXn
The Federal Reserve leaves its key interest rate unchanged at the highest level in more than a decade — as annual inflation rates continue to stall. https://t.co/ITBR958eU4
JUST IN: 🇺🇸 Federal Reserve HOLDS rates at 5.25% - 5.50% https://t.co/HxXEc6aNDg
The Fed is tapering QT by MORE than the $30BN consensus estimate, instead will taper QT by $35BN, meaning monthly redemption cap on TSY goes down from $60BN to $25BN This means $105BN LESS gross issuance needed in Q3 TL/DR: Fed just tipped its hand: yields are too high
Fed leaves rates unchanged and add this sentence to the May statement: "In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective" https://t.co/2ZvsUANSml
BREAKING 🚨 The Fed has left rates unchanged at 5.25% - 5.50% It's the sixth straight meeting they've held rates steady They did note a "lack of further inflation progress" in recent months The first cut is now expected around November
#FOMC reduces monthly QT in Treasurys from current $60B to $25B. Wow, much bigger slowing than I had anticipated! @federalreserve must be really afraid of a repeat of Sept 2019 money market crisis #Powell
Fed holds rates steady for the sixth straight time: Recent economic data hasn’t given policymakers confidence that inflation will continue to decline https://t.co/WKCX5WJZnl
'In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective.' #FOMC
Fed holds interest rates at 23-year high for the sixth time in a row as hotter-than-expected inflation continues to push back the timing of a rate cut. https://t.co/sx9AwbR5cb
Breaking: The Federal Reserve acknowledged recent inflation setbacks and held rates steady, extending a wait-and-see posture that could last well into the year https://t.co/kGaDyHo1CL https://t.co/kGaDyHo1CL
Breaking FOMC Fed leaves rates on hold. Notes lack of further progress on inflation in recent months. Reduces QT down to $25 billion from $60 billion. Wow Kept MBS the same. Gotta prop up that housing market 🙄
🇺🇸 United States Fed Interest Rate Decision $USD Actual: 5.50% Expected: 5.50% Previous: 5.50%
The Federal Reserve will begin winding down the pace of its QT programme in June, amid a slowing economy
The Federal Reserve will begin winding down the pace of its QT programme in June
FEDERAL RESERVE LEAVES KEY OVERNIGHT INTEREST RATE UNCHANGED IN 5.25-5.50% RANGE, SAYS RECENTLY THERE HAS BEEN LACK OF FURTHER PROGRESS TOWARD 2% INFLATION TARGET
When Will Interest Rates Go Down? Fed Holds Rates At 23-Year High Yet Again https://t.co/ZatRE9vgYY https://t.co/99rT37LBJI
BREAKING: Fed holds rate steady and moves to ease the pace of balance sheet reduction https://t.co/5Q87FVrnHA https://t.co/FmAZQgSXo3
JUST IN: Fed holds, keeps rates at 5.25% - 5.50%. https://t.co/qbMVZiZVV0
Dovish surprise for QT - the cap is down from $60b to $25b. I believe the expectations was $30b. Treasury didn't cut coupon sizes, so Fed in effect did it for them. https://t.co/DxrJgH5KfT
BREAKING: US Federal Reserve keeps interest rates at 23-year high READ: https://t.co/azmVs4f2ls https://t.co/FRXhXUWRkE
The Federal Reserve holds rates steady in the range of 5.25% to 5.5%, with officials noting that there has been a lack of progress on inflation dropping and that they will need to gain confidence before they can begin cutting rates. @Jenniferisms reports: https://t.co/FpR2ULsU8u
Fed officials vote to hold interest rates steady at 23-year-high https://t.co/4pywZDZaIQ https://t.co/E6hhXOcf2M
SUMMARY OF FED DECISION (5/1/24): 1. Fed leaves rates unchanged for 6th straight meeting 2. Rate cuts not appropriate until greater confidence inflation is heading to 2% 3. Fed notes "lack of further progress" toward 2% inflation goal 4. Fed to slow pace of balance sheet…
The Federal Reserve held interest rates steady at their highest level in two decades and acknowledged recent inflation setbacks, extending a wait-and-see posture that could last well into the year if the economy doesn’t weaken. https://t.co/OXetbyfoSV
NEWS: The Fed kept interest rates at a 23-year high of 5.25-5.5% for the sixth consecutive meeting, delaying rate cuts as inflation stays hot. Read more: https://t.co/lwbP2cmVS8
"Live: Fed keeps interest rates unchanged, gives no sign it will cut soon amid inflation." (via @USATODAYmoney) https://t.co/7RZJT5d9Ph
Fed announces QT is going from $60b per month is Treasury security roll-off to $25b per month beginning in June.
⚠️BREAKING: *FED TO SLOW PACE OF BALANCE-SHEET RUNOFF STARTING IN JUNE $SPY https://t.co/kFG1jfPkLw
Fed holds interest rates at 23-year high, citing 'lack of further progress' on inflation https://t.co/5O7ah4NyrA
FOMC: No rate change, tapers QT - The Fed will slow the decline of balance sheet by cutting treasury redemption cap to $25 bln per month from $60 bln starting June the 1st. - Fed maintains mortgage-backed securities redemption cap at $35 bln per month, will reinvest excess MBS…
US INTEREST RATE DECISION ACTUAL 5.5% (FORECAST 5.5%, PREVIOUS 5.5%) $SPY $SPX
🇺🇸 #FED HOLDS BENCHMARK RATE IN 5.25%-5.5% TARGET RANGE - BBG *FED CUTS TREASURY RUNOFF CAP TO $25B, KEEPS MBS CAP AT $35B *FED TO SLOW PACE OF BALANCE-SHEET RUNOFF STARTING IN JUNE
THE FED WILL SLOW THE DECLINE OF BALANCE SHEET BY CUTTING TREASURY REDEMPTION CAP TO $25 BLN PER MONTH FROM $60 BLN STARTING JUNE THE 1ST.
🚨NO CHANGE AT FED Rates held at 5.25-5.5 In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the target range for the federal funds rate, the Committee will… https://t.co/KZNLzUzTak
#BREAKING US Fed keeps interest rates at 23-year high https://t.co/V5dzSR6v4o
*FED HOLDS BENCHMARK RATE IN 5.25%-5.5% TARGET RANGE *FED: LACK OF FURTHER PROGRESS TOWARD 2% GOAL IN RECENT MONTHS
FED: LACK OF FURTHER PROGRESS TOWARD 2% GOAL IN RECENT MONTHS
🔴 ⚠️ BREAKING: US INTEREST RATE DECISION ACTUAL 5.5% (FORECAST 5.5%, PREVIOUS 5.5%) $MACRO
FED TO SLOW PACE OF BALANCE-SHEET RUNOFF STARTING IN JUNE
QT TAPERING BEGINS: *FED CUTS TREASURY RUNOFF CAP TO $25B, KEEPS MBS CAP AT $35B
BREAKING: 🇺🇸 Federal Reserve pauses interest rate hikes, remains at 5.25% - 5.50%.
⚠️BREAKING: *FEDERAL RESERVE KEEPS FED FUNDS RATE AT 5.50% $SPY https://t.co/8anBuzS5TE
FOMC Keeps Rates On Hold In Range Of 5.25% - 5.50%; As Expected
The Fed marked to market its policy statement to acknowledge recent inflation setbacks, but didn't change the guidance section In June, the Treasury redemption cap will fall to $25 billion from $60 billion https://t.co/rixlOtNVD0
The Fed is poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected inflation. Watch Bloomberg TV's special coverage of the Fed decision here ➡️ https://t.co/T2w8Ii8WPi https://t.co/2PLE1csf7Q
LIVE: Fed officials are poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected inflation. Bookmark our free live blog for latest updates and market reaction: https://t.co/AY45fQfKqH
Heads Up:🇺🇸 Fed Interest Rate Decision due at 18:00 GMT (15min) Expected: 5.5% Previous: 5.5% https://t.co/VLtFulUHdL
Fed officials are poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected inflation. Follow our free live blog for the latest updates: https://t.co/JXf18foecn
Fed expected to hold interests rates steady at highest level since 2001 https://t.co/xn9IPNlGjm https://t.co/xSRzHjkWM5
The Fed is poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected inflation https://t.co/39u1WIEDny via @economics @SteveMatthews12 @boes_ @KateDavidson
The Fed is poised to keep rates steady and signal higher-for-longer stance https://t.co/qljz9a7AsD
The #US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting, with a summer start to cuts looking less likely owing to stubborn inflation. https://t.co/YhsdO2gTI9
US Fed likely to keep rates steady as hopes of early cuts fade https://t.co/4GuMwMeN93
Fed to hold rates steady as inflation dims hopes for policy easing https://t.co/D55jUWe3Gb https://t.co/KLVtWjQ2pS
The Fed is poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected inflation https://t.co/Ii9xDDW9Sb
Tomorrow's news today... BREAKING: THE FED HOLDS INTEREST RATES AT 5.25-5.50%, CITING FIRMER PRICE PRESSURES AND LOWER CONFIDENCE THAT INFLATION WILL MOVE DOWN TO THEIR 2% TARGET THIS YEAR.
Fed expected to keep interest rates higher for longer amid stubborn inflation https://t.co/SRv8BrCOyh