The Daily Mail reports the actions of the Federal Reserve Bank. See what the Fed decided.
The Federal Reserve has voted to hold interest rates steady at their current 23-year-high, officials announced today. The decision spells misery for households who are already struggling under the weight of soaring interest rates on credit cards, mortgages and personal loans.It marks the sixth consecutive time that the Fed has chosen to keep rates at their current level as it battles to tame inflation. The rate of annual inflation rose to 3.5 percent in March, still well above the Fed's 2 percent target.
Like the previous post, this action has political ramifications that can't help the incumbent Biden administration in its struggles for a second term. Hat tip to lucianne.com for the link.
