US Fed To Meet Amid Dwindling Hopes Of Summer Rate Cuts

Fuente: International Business Times

The US Federal Reserve is widely expected to keep rate cuts on hold until the second half of this year, at the earliest AFP The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as policymakers contend with a recent uptick in inflation that has sharply cut the chance of a summer start to interest rate cuts. The Fed's decision to hike interest rates and then hold them at a 23-year high has helped to significantly lower elevated inflation, although it remains stuck firmly above the US central bank's long-term target of two percent. Since the start of this year, the Fed's favored inflation measure has actually accelerated, hitting an annual rate of 2.