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-0.000270233752195595 -0.000202675314146745 0.000810701256586978 0.00202675314146725 0.00853127955681664 0.00439129847317934 0.00594514254830425 0.0107417916497771
Stock impact report

Fed holds interest rates higher for even longer as inflation remains high [FOX Business Network]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
over the last few months is why it is holding interest rates where they are for now. On Wednesday, the central bank announced it would maintain the federal funds rate range at 5.25% to 5.5%, where rates have held steady since July. Fed officials have said in past meetings that they anticipated rate cuts for 2024 but need more confidence that inflation is heading toward the 2% target rate. Federal Reserve Chair Jerome Powell reiterated this sentiment on Wednesday when speaking with reporters and said it would likely take longer for the central bank to gain this confidence. "Our restrictive stance of monetary policy has been putting downward pressure on economic activity and inflation, and the risks to achieving our employment and inflation goals have moved toward better balance over the past year," Powell said. "However, in recent months, inflation has shown a lack of further progress toward our 2% objective, and we remain highly attentive to inflation risks." The inflation data Show less Read more
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