As Exciting as a Fed Meeting Gets; Consumers Persist; AI Roars
Dan North | May 2026
Federal Reserve interest rate decisions are usually carefully staged, well-managed, and dull affairs. Not in April.
It was a foregone conclusion that the Federal Open Market Committee (FOMC) would leave the fed funds overnight rate unchanged at a range of 3.50% - 3.75%. But there were two other highly unusual events at the meeting.
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