The Fed is about to do something it hasn’t done since the pandemic | CNN Business

New York CNN  — 

People are getting impatient with the Federal Reserve.

For the past year, the Fed has kept interest rates at their highest level in more than two decades, making it more expensive to get a mortgage, borrow money and pay off debt. Now the central bank is mulling over when to do something it hasn’t done since the darkest days of the pandemic: cut interest rates.

But Wednesday’s decision by the Fed to once again leave rates unchanged provided little comfort. But the wait could finally end at the Fed’s next policy meeting

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Boeing’s new CEO just landed the best (and worst) job in Corporate America | CNN Business

A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. ...

Your coffee’s getting pricier – and climate change could keep it that way | CNN Business

CNN  —  Tucked away in the mountainous highlands of Chiapas in southern Mexico, around 150 coffee farmers on...

Tesla car that killed Seattle motorcyclist was in ‘Full Self-Driving’ mode, police say | CNN Business

Reuters  —  A Tesla Model S car was in “Full Self-Driving” mode when it hit and killed a 28-year-old motorcyclist...