Federal Reserve to announce decision on interest rates on Tuesday
Money Talks
English - May 03, 2023 10:49 - 4 minutesBusiness News Business News business money finance banking currency stocks politics economy economics analysis Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The US Federal Reserve is set to announce its next decision on interest rates. Markets are expecting a 25 basis point rise, or perhaps keeping base rates stable. The US missed growth expectations for the first quarter, leading some to believe regulators will ease off on efforts to cool the economy and ease inflation. Price increases are down from last summer's 40-year highs, showing the tightening has worked. But the Fed's medicine for inflation comes with side effects, including the potential for lending to dry up in the banking sector. But so far, unemployment remains low and consumer spending strong.
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