Tag Archives: Federal

Federal Reserve leaves interest rates unchanged, tempers expectations on rate cuts ahead

Federal Reserve leaves interest rates unchanged, tempers expectations on rate cuts ahead

The Federal Reserve maintained its benchmark interest rate on Wednesday in a range of 5.25%-5.50%, the highest since 2001, and cautioned it won’t begin lowering interest rates until it sees further progress on inflation returning to its 2% target. “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%,” the Fed said in its policy statement. Fed chair Jerome Powell at his Wednesday… Source link

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Federal officials order grounding of Boeing 737 Max 9 jetliners after a plane suffers a blowout

Federal officials order grounding of Boeing 737 Max 9 jetliners after a plane suffers a blowout

Federal officials on Saturday ordered the immediate grounding of Boeing 737 Max 9 jetliners until they are inspected after an Alaska Airlines plane suffered a blowout that left a gaping hole in the side of the fuselage. The required inspections take around four to eight hours per aircraft and affect about 171 airplanes worldwide. As of Saturday morning, inspections on more than a quarter of the fleet were complete “with no concerning findings,” the company said. “Aircraft will return to… Source link

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