Federal Reserve Holds Interest Rates Steady, Reduces Redemption Cap in May Decision
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#4f691011 ver:0.64

The Federal Reserve keeps interest rates steady and reduces the redemption cap in its May decision. Treasury yields fall as the Fed strikes a hawkish tone. Fed Chair Powell emphasizes caution on the economic outlook. Credit traders take comfort in the Fed's assurance of no further rate hikes, leading to lower fear of corporate defaults. The Fed's policy remains restrictive, but a rate cut will depend on inflation returning to target. The US economy underperforms in Q1 2024. The Fed's new redemption cap of $25bn will be in place for June. #FederalReserve #interestrates #economy...

#newstr #FederalReserve #InterestRates #Inflation #EconomicGrowth #RateCuts #UsEquities #QuantitativeTightening 

 https://here.news/story/4f691011?ver=0.64