Breaking News: Federal Reserve holds interest rates steady

View in browser | nytimes.com   BREAKING NEWS The Fed left interest rates unchanged and signaled that policymakers will be patient in cutting them as they watch for inflation to cool. Wednesday, May 1, 2024 2:24 PM ET After rapidly cooling, inflation has proved surprisingly stubborn in recent months. The Fed's preferred inflation index has made little progress since December and remains well above the central bank's 2 percent goal. Read more   ADVERTISEMENT You received this email because you signed up for NYTimes.com's Breaking News Alerts. To stop receiving Breaking News Alerts, unsubscribe. To opt out of other promotional emails from the Times, manage your email preferences. Subscribe to the Times Get the NYT app Change Your Email Privacy Policy Contact Advertise California Notice The New York Times Company, 620 Eighth Avenue, New York, NY 10018