Fed holds rates steady, takes less confident view on inflation
- The Federal Reserve kept its benchmark interest rate steady after three cuts last year, indicating a cautious approach to inflation and economic policies under President Donald Trump.
- Federal Reserve Chair Jerome Powell stated that inflation remains somewhat elevated and emphasized the need for real progress on inflation or weakness in the labor market before considering further cuts.
- The Fed's decision comes as the unemployment rate stabilizes at a low level of 4.1%, and economic growth continues, with inflation readings still above the target rate.
- Economists believe the Fed may not cut rates again until mid-2025, as they await more data on inflation and the impact of Trump's proposed policies.
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Coverage Details
Total News Sources0
Leaning Left37Leaning Right32Center46Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 32%
C 40%
R 28%
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