April 30, 2024

Faced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in a holding pattern that likely will be reflected when it closes its meeting Wednesday.

Markets are anticipating a near-zero chance that the Federal Open Market Committee, the central bank’s policy-setting arm, will announce any change to interest rates. That will keep the Fed’s key overnight borrowing rate in a range targeted between 5.25%-5.5% for what could be months — or even longer.

Recent commentary from policymakers and on Wall Street indicates there’s not much else the committee can do at this point.

Read more:

https://www.cnbc.com/2024/04/30/heres-everything-to-expect-when-the-fed-wraps-up-its-meeting-wednesday.html