The Federal Reserve announced Wednesday it will keep interest rates at a 23-year high, after a spate of worse-than-forecasted inflation data evaporated hopes for a sizable pivot in monetary policy this year.

On Wednesday, Fed. Chair Jerome Powell held a press briefing.

READ MORE: https://www.forbes.com/sites/dereksaul/2024/05/01/when-will-interest-rates-go-down-fed-holds-rates-at-23-year-high-yet-again/?sh=3098e87c5f05

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