Fed Wrap – Stubborn Inflation keeps the Fed on Pause

Ryan Weldon, from IFM’s Debt Investments Team in New York, features in our Fed Wrap Market Update videos discussing central bank themes in debt markets, with a particular focus on the US Federal Reserve (Fed).
In this edition, Ryan discusses the outcomes of the May Fed meeting, the key points from the press conference and what to watch ahead of the next meeting.
At the May meeting, the Federal Reserve held rates, maintaining the upper band of their policy rate at 5.5% with no dissenting votes. The changes to the statement underlined the lack of progress in inflation towards the committee’s 2% objective through the first quarter of 2024. Additionally, the Fed used the statement to comment on the continued expansion of US economic activity through the same period.

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