The Federal Reserve holds interest rates steady, offers no relief from high borrowing costs — what that means for your money

PUBLISHED WED, MAY 1 20242:01 PM EDTUPDATED WED, MAY 1 20243:01 PM EDT

By: Jessica Dickler

WATCH NOWVIDEO03:38One interest rate cut in 2024 ‘looks quite reasonable,’ strategist says

The Federal Reserve announced Wednesday it will leave interest rates unchanged as inflation continues to prove stickier than expected.

However, the move also dashes hopes that the Fed will be able to start cutting rates soon and relieve consumers from sky-high borrowing costs.LEARN MORE…

Visit my website at: https://www.anastasiakaufman.com/

Here’s my Facebook Account: https://www.facebook.com/AnastasiaRealtor/

Anastasia Kaufman, GRI,ABR,SFR,CDPE,SRS

Cell: 401-338-2749

Email: Anastasia@anastasiakaufman.com