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  • NEWS Desk Global

FED IN HOLDING PATTERN AS INFLATION DELAYS APPROACH TO SOFT LANDING

Updated: May 1




The ongoing inflationary pressures present a challenge for U.S. Federal Reserve policymakers as they convene this week to determine their next steps. With inflation showing no recent signs of slowing down or narrowing in scope, the Fed is expected to maintain its benchmark interest rate steady at 5.25%-to-5.5% during its April 30-May 1 meeting.

One key aspect of the current policy statement, indicating that inflation "remains elevated," may need to be retained, given that the pace of price increases accelerated over the first three months of the year. This acceleration comes after inflation had been gradually slowing throughout 2023. The Fed's decision and its characterization of inflation will be closely watched by market participants, especially amidst the backdrop of the upcoming contentious U.S. presidential election.

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