Federal Reserve officials said in the May 7 interest rate resolution statement that they believe the risk of rising inflation and unemployment is increasing. Since the current unemployment rate is still low and market demand is relatively stable, officials say they are willing to keep interest rates unchanged until they have a better understanding of the economic trend. “The Federal Reserve is willing to stay on hold until economic data forces them to adjust interest rates,” Bankrate's Greg McBride said. “Given that the inflation rate is already high and is expected to rise further, evidence of a significant slowdown in the job market is needed before the Federal Reserve restarts cutting interest rates.”

Federal Reserve officials said in the May 7 interest rate resolution statement that they believe the risk of rising inflation and unemployment is increasing. Since the current unemployment rate is still low and market demand is relatively stable, officials say they are willing to keep interest rates unchanged until they have a better understanding of the economic trend. “The Federal Reserve is willing to stay on hold until economic data forces them to adjust interest rates,” Bankrate's Greg McBride said. “Given that the inflation rate is already high and is expected to rise further, evidence of a significant slowdown in the job market is needed before the Federal Reserve restarts cutting interest rates.”