High interest rates probably aren’t going away anytime soon
Jerome Powell, chairman of the US Federal Reserve, at the Wilson Center in Washington, DC, on April 16, 2024. | Samuel Corum/Bloomberg via Getty Images
The Federal Reserve will give an announcement on interest rates during its May meeting Wednesday.
Even borrowing money is more expensive these days — and the Federal Reserve might decide to keep it that way for a while.
All eyes are on the Fed’s May meeting today, where Fed chair Jerome Powell will make an announcement about interest rates.
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