Rate Hike A No-Go For Federal Reserve – OpEd
By Andrew Moran
The Federal Reserve concluded its widely anticipated May Federal Open Market Committee (FOMC) policy meeting on May 1. Financial markets were unsurprised to see that the US central bank left its benchmark rate unchanged at a 23-year high of 5.25% to 5.5%. But while the decision everyone waited for was the day’s main event, the FOMC statement and Chair Jerome Powell’s post-meeting press conference were the critical attractions for Wall Street, Main Street, and the White House. Читать дальше...