Name: Fed holds interest rates at 23-year high, citing ‘lack of further progress’ on inflation
Uploaded: 2024-05-01T14:18:13-04:00
Duration: 5 min
Description: 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. The central bank voted to keep its benchmark interest rate in a range of 5.25%-5.50%, a 23-year high, at the conclusion of its […]

Tag: 23year

Fed holds interest rates at 23-year high, citing ‘lack of further progress’ on inflation

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. The central bank voted to keep its benchmark interest rate in a range of 5.25%-5.50%, a 23-year high, at the conclusion of its […]

Strikes hit 23-year high last year, Labor Dept. says

The Bureau of Labor Statistics tracked 33 strikes and lockouts in 2023, according to its annual report of work stoppages, the largest number since 39 stoppages in 2000. There was also a big uptick in the number of workers involved in those actions, to 458,900 from 120,600 in 2022. The annual data marks a substantial […]