Highlights:  In the May FOMC meeting, the US Federal Reserve (the Fed) sent mixed signals. It held its benchmark interest rate steady at a 23-year high of 5.25% to 5.5%, marking the sixth consecutive meeting where rates remained unchanged.Acknowledging the stubborn inflation, the Fed hinted that borrowing costs could remain at the same level for […]

source: https://thefinance.sg/2024/05/03/fomc-update-what-do-higher-for-longer-interest-rates-mean-for-your-money/