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South Carolina Public Radio's offices will be closed Monday, May 27, in observance of the Memorial Day holiday. Our local news and programming will return Tuesday, May 28.

Federal Reserve expected to hold interest rates steady

The Federal Reserve is meeting Wednesday to discuss the delicate balance of keeping interest rates high enough to lift borrowing costs but low enough to not cause an unnecessarily severe economic slowdown.

Here & Now‘s Scott Tong talks with NPR’s Scott Horsley about what is expected to be decided at Wednesday’s meeting.

This article was originally published on WBUR.org.

Copyright 2023 NPR. To see more, visit https://www.npr.org.