The Fed holds interest rates steady, reflecting moderate economic slowdown
The Fed holds interest rates steady, reflecting moderate economic slowdown
Federal Reserve Board Chairman Jerome Powell speaks during a news conference on March 20, 2019 in Washington, DC. Powell said the Fed will not raise interest rates this quarter as was previously expected.
Mark Wilson/Getty Images
In a sharp turn from December’s forecasts, the Federal Reserve announced yesterday that it will hold short-term interest rates steady. The announcement comes amid signs of a slowing economy and weakening consumer and business spending. For workers and the housing market, however, the economy is still healthy.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.
