Fed Leaves Rates Unchanged

By Peter Melahn, Staff Writer The Federal Reserve opted to leave interest rates unchanged after meeting last Wednesday, signaling the central bank’s optimism that the U.S. economy is continuing to cool from historic levels of inflation following the COVID-19 pandemic.  Federal Reserve chair Jerome Powell announced the decision last week reaffirming the central bank’s aim of achieving a “soft landing” for the U.S. economy following a sustained presence of historically high interest rates from post-COVID-19 inflation.  In their meeting, the Federal Reserve noted that recent economic activity was “expanding at a solid pace,” differing from the “moderate” description seen in … Continue reading Fed Leaves Rates Unchanged