Fed Maintains Interest Rates But Signals Possible Cuts Amid Labor Market Concerns
August 1, 2024
On Wednesday, the Federal Reserve announced it will maintain its benchmark interest rate, marking a full year since borrowing costs reached a 23-year high. As anticipated, the central bank opted against reducing rates, which would have made borrowing cheaper for Americans on mortgages, car loans, and credit cards. However, the...
Read More
