Real Estate News 05/01/2024

Today’s News Synopsis:

The Federal Reserve left interest rates unchanged on Wednesday and reiterated plans to hold rates steady, noting there has been a lack of further progress on inflation returning to its 2% target.

In The News:

Yahoo Finance – “Fed holds interest rates at 23-year high, citing ‘lack of further progress’ on inflation“ (05-01-24)

“In a policy statement, Fed officials said, “In recent months, there has been a lack of further progress towards the committee’s 2% inflation objective.” ”

CNBC –  “The Federal Reserve holds interest rates steady, offers no relief from high borrowing costs — what that means for your money“ (05-01-2024)

“The Federal Reserve held rates steady at the end of its two-day meeting Wednesday, delaying the start of rate cuts and any relief from sky-high borrowing costs.”

CNN –  “Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut” (05-01-24)

“Just six weeks ago, Fed Chair Jerome Powell and his colleagues penciled in three rate cuts this year. That now looks very much in doubt.”

Bloomberg – “Key Takeaways From Fed Decision to Hold Rate at Two-Decade High” (05-01-2023)

“Key takeaways from the Federal Reserve’s interest-rate decision on Wednesday”