For the third time in the past four meetings, the Federal Reserve on Wednesday decided to leave interest rates unchanged.
The Fed said it decided to maintain the target range for the federal funds rate at 5.25 to 5.50 percent in an effort to support its dual goals of maximum employment and inflation at a rate of 2 percent over the longer run.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.