Fed Holds Rates Steady, Extends Wait-and-See Stance
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 1 May 2024
⏱️ 13 minutes
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| 0:00.0 | Z-Scaler extended its Zero Trust architecture with powerful AI engines trained by 500 trillion daily signals |
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| 0:18.8 | The Federal Reserve says inflation progress has stalled. |
| 0:26.0 | We do not expect that it will be appropriate to reduce the target range for the Federal funds rate |
| 0:31.0 | until we have gained greater confidence that inflation is moving |
| 0:34.0 | sustainably toward 2%. So far this year the data have not given us that |
| 0:39.3 | greater confidence. And Black Rock begins offering 401k retirement plans with a monthly check. |
| 0:45.0 | Plus Tesla pulls back from EV charging what it means for the industry. |
| 0:50.0 | It's Wednesday, May 1st. |
| 0:51.0 | I'm Anne Marie Fertoli for the Wall Street Journal. |
| 0:53.8 | This is the PM edition of What's News, |
| 0:55.8 | the top headlines and business stories that moved the world today. The Federal Reserve is holding interest rates steady at their highest level in two decades. |
| 1:10.3 | The Central Bank also acknowledged recent inflation setbacks, extending its wait and see approach. |
| 1:15.0 | But Fed Chair Jerome Powell, when asked at a news conference, said he didn't think it was likely the Fed would need to consider interest rate increases. |
| 1:22.0 | Joining me now with more is Wall Street Journal heard on the street. Fed would need to consider interest rate increases. |
| 1:22.8 | Joining me now with more is Wall Street Journal heard on the street editor Spencer |
| 1:26.4 | welcome Spencer. |
| 1:27.4 | Thanks for having me. |
| 1:28.4 | Okay so we've been talking so long about when these rate cuts are coming, |
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